The Société du Havre de Montréal announces the appointment of a new Chairman to its Board of Directors and confirms the broadening of its mandate

MONTREAL, Feb. 10 /CNW Telbec/ - The Board of Directors of the Société du Havre de Montréal (SHM) announces the appointment of its new Chairman, Mr. Jacques Coté. Mr. Coté was the SHM's first President and CEO from 2002 to 2007, and acted as interim President and CEO in 2010. He thereby replaces Ms. Isabelle Hudon, President of Sun Life Financial, Québec, who chose to move on after six years as Chairman while she will remain on the Board of Directors. Ms. Hudon wishes to thank SHM members for their trust and highlight the work and determination of the Board members who generously contribute their time and insight to ensure the success of this major urban project.

"The Société du Havre has reached a key phase of its mission, explained Ms. Hudon. During the last five years, I have had the pleasure of actively taking part in the initial phase of the Havre's revitalization, as laid out in Vision 2025. I was also directly involved in the detailed pre-project study of the Quartier Bonaventure project and in the public consultation process. As City of Montreal Mayor Gérald Tremblay announced the launch of the revised Quartier Bonaventure project last August, I leave knowing that the project has begun and is well on its way. I am confident that with the current team, led by Jacques Coté, this project will be completed as planned. I also believe that the team will remain the steadfast champion of its spirit, which seeks to provide the downtown area with a grand entranceway while streamlining the urban landscape between Old Montreal, the Faubourg des Récollets and the South-West borough and improving public transportation."

In light of this, an agreement signed between the City of Montreal and the SHM calls for the creation of a joint project office, which, under the City's financial responsibility, will first ensure the completion of the definitive drawings and specifications, followed by the completion of Phase 1 of the Quartier Bonaventure project. This office will work in close collaboration with the ministère des Transports du Québec and the Agence métropolitaine de transport.

"The project office will benefit from the professional expertise of City and SHM professionals in terms of project management, engineering and urban planning, said Mr. Jacques Coté. All the mission-critical elements have been put together to ensure the success of the Havre's first major redevelopment project".

This agreement also broadens the SHM's mandate, which comprises the updating of the Havre de Montréal's Vision 2025 and the development of an attractive and quality urban project made possible through the redesign of the existing Bonaventure Expressway. As part of the Bonaventure sector's urban development, the SHM will also support the economic, cultural and institutional tradition of this territory located south of Windsor and Central Stations. Finally, the SHM is tasked with promoting Quartier Bonaventure's real estate opportunities to potential private and institutional investors, particularly the development sites made available as a result of the demolition of the Expressway.

Through this expanded mandate, the SHM's role as promoter of the Havre's development is revitalized. With this five-year agreement, the City of Montreal confirms its commitment to pursue the Vision 2025 orientations. For this major undertaking, intervention strategies will need to be developed in concert with municipal services and boroughs, government authorities and citizens. The SHM will also need to act as a facilitator with public and private stakeholders in the carrying out of multipurpose projects on the Havre de Montréal's territory. To this effect, the SHM will need to enter into partnerships with the territory's key players from the tourist industry, university institutions, such as the École de technologie supérieure and McGill University, the Canada Lands Company and major land owners located between the southern limit of the Business Center up to the Port and the Lachine Canal.

SOURCE Societe du Havre de Montreal

For further information:

François Perreault, Vice-President
Business Development,
Public Affaires and Communications
Société du Havre de Montréal
Phone : 514 872-9345

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Societe du Havre de Montreal

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