The Greater Toronto Airports Authority is working on a capital plan to invest billions of dollars into Pearson Airport.

The airport authority says it’s been meeting passenger needs by deploying extraordinary resources to many of its aged assets and facilities, which is not a sustainable solution. Passenger traffic is expected to grow to approximately 65 million annually by the early 2030s – a figure that takes the airport beyond its 45 million passengers in 2023.

Pearson LIFT – Long term Investment in Facilities and Terminals – is intended to deliver a world-class passenger experience, integrate smart architecture, unlock the digital potential in air travel, and advance towards a net-zero future, according to Deborah Flint, President and Chief Executive Officer, GTAA. “These plans are anchored to our ambition to build an airport that will strengthen international competitiveness, leverage innovation, and advance sustainability, all which drive economic returns for Canada,” she added.

The first program of LIFT will focus on modernizing airport assets, including high speed taxi lanes to improve airfield performance, modernized airfield electric lighting and control system, interim terminal facilities, and investments in power generation to advance towards net-zero targets.

The Authority say the enhancements will pave the way for Toronto Pearson to become one of the greenest, technologically advanced, and passenger-friendly airports in North America and globally.