Quebec invests $123M to revitalize Montreal East
Province funds industrial sites acquisition and renovation to attract private investment and create jobs in the borough.
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Quebec will invest $122.9 million in Montreal East industrial development, Premier Christine Fréchette announced Tuesday, June 30.
The funding goes to Société de mise en valeur de terrains dans l'Est de Montréal (SMTEM), a Crown corporation tasked with acquiring and renovating strategic industrial sites. The province says the move will attract private investment and generate jobs.
Fréchette said in a statement: "We are finally giving Montreal East a strategic site that will host innovative industrial projects, create good jobs, and generate sustainable economic benefits. This is a concrete step toward building the future of East Montreal and contributing to the prosperity of all of Quebec."
The announcement brings total provincial investment in the eastern industrial corridor to nearly $323 million since 2019. Montreal East Mayor Anne St-Laurent welcomed the funding, noting the sites have sat vacant and contaminated for over thirty-five years. "This concrete step will enable us to redevelop a strategic site and prepare it to host promising projects that will create wealth and quality jobs," she said.
Chantal Rouleau, the minister responsible for the Montreal region and MNA for Pointe-aux-Trembles, called it a "decisive step toward transforming strategic land into vibrant communities and true drivers of economic development and innovation." The investment follows Fréchette's campaign promise to revitalize the eastern part of the island.
