The Globe and Mail reports in its Wednesday edition that the consortium behind an airport overhaul near Montreal has secured funding for the effort thanks to a $90-million loan from the Canada Infrastructure Bank. A Canadian Press dispatch to The Globe says that the Crown corporation, which backs revenue-generating projects deemed in the public interest, says it has reached a deal with the partnership of Porter Aviation Holdings and Macquarie Asset Management. The owner of regional carrier Porter Airlines and Australia's biggest investment bank are working with the Montreal Metropolitan Airport to develop a new terminal, which broke ground in August. Formerly known as the Montreal Saint-Hubert airport, the site is on track to grow from a small airport to a commercial aviation hub, comparable with Toronto's Billy Bishop but farther from downtown, south of Montreal. The nine-gate terminal would serve up to four million passengers a year and provide another airport for the rapidly expanding Porter in Canada's second-biggest city. The expected completion date has been pushed back to fall 2025 from late 2024, with Porter planning to fly to major Canadian cities and local carrier Pascan Aviation focusing on regional flights.