Chief Minister Victor Banks opened the October 23 press conference by referencing the just signed airport expansion memorandum of understanding (MOU) with the Canadian Commercial Corporation (CCC).
He said, “Today we had a historic signing because the airport project now includes the Canadian government as a stakeholder in its delivery. We are very happy to know that this includes financing aspects of the early development in terms of the analysis and research required for the business case.” The business case will include whether the lands identified to be used for the expansion are geographically capable to support an airport runway. Banks added that the CCC is the agency currently involved in the US $250 million Bermuda airport expansion project.