SAM Magazine—Beaupré, Quebec, Jan. 21, 2026—Mont-Sainte-Anne and operator Resorts of the Canadian Rockies (RCR) have reached an agreement with the Quebec government to fund substantial capital improvements at the resort, including the replacement of four lifts with three new ones, new snowmaking infrastructure, and installation of warm-season attractions for a total investment of C$100 million over the next five years. 

Investissement Québec has been authorized to grant two loans totaling C$50 million to RCR. The financing offer was first put forth in December 2024 but was withheld following the most recent in a series of lift issues blamed on continued insufficient maintenance and lack of safety protocols, according to the Régie du bâtiment du Québec (RBQ), the provincial agency responsible for inspecting and certifying aerial ropeways. 

In light of these issues, the government had threatened to pull RCR’s long-term operating lease for Mont-Sainte-Anne, which operates on public land owned by the SÉPAQ, the government agency that manages Quebec’s parks and wildlife reserves. 

The initial offer from the Quebec government was for C$25 million to become a forgivable loan, contingent on RCR meeting certain modernization benchmarks, and the other C$25 million would be a repayable loan tied to future resort revenue. RCR had to commit to matching the government’s contribution with C$50 million of private capital. These details were not confirmed in yesterday’s press release announcing that the plan was moving forward.

Another important part of the agreement is that the land and activities in the eastern section of the property—the ski area occupies the western section—have been fully transferred back to the SÉPAQ, which “has been working for several months on developing a new master development plan aimed at creating a regional tourist park focused on conservation, land enhancement, and the practice of a variety of outdoor activities,” allowing for the full C$100 million to be concentrated on the western side, the Mont-Sainte-Anne press release said. 

A real estate development project is also in the works, with a master development plan expected to be finalized next spring. Mont-Sainte-Anne said the project could generate additional investments of up to C$450 million.

The first step, however, is to modernize the lift infrastructure. The gondola, the South Express, the North Express and the Tortoise lifts will be replaced by three new lifts with new alignments. Mont-Sainte-Anne has collaborated with lift manufacturers to determine the new configurations, with the final technical parameters being finalized in January and orders for the new lifts to begin between February and March of this year, the resort said. 

The lifts will be gradually installed over the next three to four years, with construction work beginning in the summer of 2026. A detailed schedule is expected to be released toward the end of the first quarter of 2026.

Other planned improvements include snowmaking upgrades that the resort said will improve production 30 percent and reduce energy consumption by 30 percent, redevelopment of the base and summit areas, and the installation of a mountain coaster.