OTTAWA INTERNATIONAL AIRPORT UNDERTAKES BOND FINANCING
26 April 2007 :00am
According to Paul Benoit, President and Chief Executive Officer of the Authority, "the AEP is designed to meet the needs of the National Capital Region for a 20-year period. Phase II includes an extension of the terminal building originally completed in 2003 as part of Phase I, an expansion of the parking facilities and improved aircraft access to the terminal building."
OMCIAA operates Ottawa International Airport without government subsidies under a 60-year lease transfer agreement with Transport Canada. The OMCIAA’s mandate is to manage, operate and develop airport facilities and lands in support of the economic growth of the National Capital Region. Its state-of-the-art passenger terminal building opened for business on October 12, 2003, and is being expanded to accommodate growth in passenger volumes.