Manage to optimize​

These initiatives are activating levers for the other working groups and aim to make the MPA a responsible asset manager and world-class project manager.

Implementing an asset management system will have several benefits, such as optimizing the balance between risks, costs and performance of our assets.

Our various asset classes are key to the optimal and resilient functioning of our operations. So, the MPA will deploy a thorough asset management and maintenance plan that includes the mapping of decision-making processes and service levels, maintenance plans, documenting information and asset management systems, and defining tolerance thresholds and replacement strategies. A dedicated asset management and skills development structure will be deployed to round out this plan.

Our ability to anticipate and mitigate strategic and operational risks must be strengthened to safeguard our operational continuity. To this end, the MPA will identify risks that require specific mitigation measures and carry out an integrated risk management maturity assessment. This will enable us to establish both a work plan for updating our current framework and a culture of continuous improvement in tracking and managing corporate risks. Ultimately, risk management will be integrated into our corporate business planning cycle.

To gain operational and strategic maturity, the MPA will implement an internal audit process based on best practices. The process will help us achieve our objectives and improve our efficiency by regularly evaluating our policies, governance rules, systems, work methods and tracking and reporting mechanisms.

Implement a comprehensive financial forecasting process

Major investments are on the horizon to support our growth. To allocate funds to the right places, the MPA needs to become more agile in analyzing scenarios for better visibility on its cash outflows and long-term financing needs.

A dynamic model designed for the long term will enable us to develop a robust and flexible financing plan that can support all our asset investment activities, even in a context of uncertainty. Using trend tools, this model will enable us to detail financial forecasting scenarios over a 10-year horizon, with the ability to extrapolate to 30 years.

To allocate funds to the best areas, we will create a multidisciplinary financial aid management committee. To do so, we will establish our financial aid objectives and develop a governance framework and map the granting process, including the roles and responsibilities of everyone involved.​

To maximize our return on investment while positioning ourselves for the long term, we will update our funding and investment plan. This will enable us to better support the development of our growth projects, protect us against uncertainty, ensure our resilience and sustainability, and optimize the cost of capital.​

The MPA manages territories with untapped potential. By conducting an optimization study (highest and best use), we want to maximize the value of our properties and territories to increase their contribution to the Port's overall performance.

To maintain and develop our infrastructure and assets, we need to review our tariffs and cost recovery mechanisms. While remaining competitive, this should enable us to cover infrastructure investments and ensure our sustainability.

Markets are changing. By reviewing and adapting our land policy to the new realities, we will be able to maximize the returns on our infrastructure investments.

To remain competitive, improve our long-term performance and simplify our operations, we will modernize our standard lease. This will be done by analyzing, standardizing and improving the legal clauses and maximizing the MPA's flexibility in our financial clauses.

Despite the current slowdown, the real estate market in Greater Montreal should remain attractive in the medium to long term. To generate new avenues of growth and/or revenue, we will be systematically tracking and analyzing property development opportunities in the vicinity of the Port.