Australia’s fastest growing airport on track to expand

Australia’s fastest growing airport on track to expand

Sunshine Coast Airport – Australia’s fastest growing airport* – is on track to expand with Sunshine Coast Council agreeing to seek a partner to progress the project.

Sunshine Coast Council’s Airport Expansion Project will include a new fully compliant runway, expanded apron, two end taxi loops, and upgrades to the existing terminal.

Mayor Mark Jamieson said council would undertake an Expression of Interest process to identify the preferred partner to expand the airport which, by 2020, would contribute $4.1 billion to the Sunshine Coast economy and result in 3500 fewer dwellings being affected by noise.

“Our key objectives throughout the EOI process will be to secure financing for the project, protect ratepayers from exposure to long-term council debt levels, and maximise the value of the airport for our ratepayers,” Mayor Jamieson said.

“At the same time, council is continuing its efforts to secure a concessional loan of $181 million to assist with the construction program.

“Council has also appointed a probity advisor – Argyle Corporate Advisers – to provide independent oversight of the procurement process for the Airport Expansion Project funding strategy.

“The Airport Expansion Project has a long history and is a major game-changer for the Sunshine Coast and surrounding regions.

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