AUSTRALIAN Deputy Prime Minister and Minister for Infrastructure and Regional Development Warren Truss this week announced approval of Brisbane Airport's 2014 Master Plan, which outlines the airport's strategic direction for the next 20 years.
According to Mr Truss, the Master Plan includes several significant infrastructure developments at Brisbane Airport to accommodate predicted growth in passenger and aircraft movements, such as the new parallel runway, a regional satellite facility, upgraded terminal facilities and improved road and transport networks.
"Brisbane Airport is one of Australia's fastest growing passenger and freight airports and the developments outlined in the 2014 Master Plan will be key to easing congestion and increasing capacity," Mr Truss said.
"Brisbane Airport plays a significant role in Queensland's economy, generating jobs, investment and tourism and the proposed infrastructure investments will provide benefits to the local, state, regional and national economies."
Brisbane Airport Corporation (BAC) CEO and Managing Director, Julieanne Alroe, said the Master Plan was a significant document for the airport's future, outlining passenger forecasts and key developments.
"The approval of the Master Plan will see $3.8 billion investment in airport infrastructure over the next decade, allowing Brisbane Airport to cater to the expected doubling of passenger numbers to around 48 million by 2034," Ms Alroe said.
"We are very pleased the Australian Government has approved our 20 year vision for Brisbane Airport which will help us achieve our goal of becoming a more important gateway for Australia in the future."
"We're particularly proud of the extensive consultative approach taken with this Master Plan and efforts to present the community with comprehensive understandable aircraft noise information, setting a benchmark in this field.
While the Master Plan is the blueprint for development to meet future demand, it also forms the platform for BAC's ongoing contribution to the local, state and national economy over coming decades.
An economic study conducted for the Master Plan found that Brisbane Airport would contribute $8.2 billion to the Queensland economy and provide around 51,500 full time jobs within the next two decades. The Master Plan also includes a five-year Airport Environment Strategy and Ground Transport Plan.