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Toronto Pearson Making $1.5 Billion Investment to Revitalize Terminals 1 &3

by Bruce Parkinson  July 23, 2026
Toronto Pearson Making $1.5 Billion Investment to Revitalize Terminals 1 &3

Toronto Pearson International Airport. Bruce Parkinson photo.

Toronto Pearson has announced a $1.5 billion investment to launch the Terminal 1 and Terminal 3 Revitalization Program. It’s the second major announcement of Pearson LIFT, an ambitious plan to renew and modernize Canada’s largest airport.

In May, the airport broke ground on the first program, a $3-billion investment in airside and baggage systems.

Contracts have been awarded to NORR-DIALOG, a joint venture between two firms both created in Ontario, and PCL Construction, a global firm created and headquartered in Canada, the airport announced.

“Toronto Pearson, one of Canada’s most important national infrastructure assets, serves as a vital gateway connecting people, products, and businesses to the world,” said Toronto Pearson President and CEO Deborah Flint. 

“This investment marks another significant milestone in Pearson LIFT and demonstrates our momentum in modernizing Pearson that will meet customer expectations.” We’re elevating the travel experience so Toronto Pearson can continue its part in fueling Canada’s economy by welcoming more passenger growth and offering a better customer experience.”

The terminal program will modernize aging infrastructure while creating a faster, more comfortable airport experience for millions of travellers. Investments in gates, passenger processing areas and customs and immigration facilities aim to help passengers move more seamlessly through the airport to board their flights, while also strengthening airport operations.

The program improvements throughout both terminals include expanded terminal spaces, refreshed lounges, expanded in-terminal charging stations, improved baggage processing, modernized check-in areas, and advanced security screening.

The construction will be delivered in stages, ensuring that the airport continues to operate safely and efficiently while minimizing disruptions for passengers and airline partners.

  
  
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