The Liberal and Nationals Government has approved the Canberra Airport 2020 Master Plan, supporting thousands of jobs and billions of dollars in economic activity over the coming decades.
Deputy Prime Minister and Minister for Infrastructure, Transport and Regional Development Michael McCormack said the Plan paved the way for better infrastructure and expanded capacity.
“The airport and these developments are expected to indirectly support more than 37,000 jobs and generate $6.8 billion in economic activity by 2028,” Mr McCormack said.
“To support this, the Master Plan recognises Canberra Airport’s commitment to major infrastructure upgrades, to cater to the expected increase in passenger numbers to more than 9 million people using the airport by 2039.”
Senator for the ACT Zed Seselja said the 2020 Canberra Airport Master Plan sets out a 20-year strategic vision for the airport that will ensure appropriate development and cater for the future growth of this vital transport infrastructure asset.
“The Master Plan sets out a number of proposed developments over the planning period, including a freight hub and the continued growth of the airport’s business parks,” Senator Seselja said.
“This Plan is good for Canberrans who want to travel, and for the Canberra economy opening more opportunity to bring tourists to our great city.”
Michael Thomson, Head of Aviation at Canberra Airport said within the next five to eight years, Canberra Airport will be working to bring in more international and low-cost carriers, resulting in more passengers than ever before.
“The airport currently serves more than three million passengers per year, but those numbers are forecast to rise to more than nine million by 2040 if all goes to plan. Canberra Airport’s ethos is to invest early to provide room for growth,” said Mr Thomson, Head of Aviation, Canberra Airport.
Approval of the 2020 Master Plan follows a comprehensive statutory referral and consultation process that attracted support from all major stakeholders.
The 2020 Master Plan remains in force for eight years or until a new Master Plan is approved.