Melbourne Airport moots $3.5b upgrade ahead of major visitor growth

Melbourne Airport moots $3.5b upgrade ahead of major visitor growth

Melbourne Airport is primed for a facelift as the Victorian capital expects significant visitor growth over the next few years.

As reported in the Herald Sun, the $3.5 billion redevelopment master plan includes proposed expansions to the international terminal, a new runway and better transport hub.

Parking and ground access chief Lorie Argus told 3AW that the vision for the new airport extends over the next two decades, when passenger numbers are expected to climb significantly.

"The vision for the terminal is to get to 100 million passengers, so to be able to meet that 70 million passengers by 2038 we absolutely need another runway, that is part of the planning," he said

"For anyone who arrives into Melbourne today, that area the arrivals hall is quite constrained, so we're looking at a large expansion there of the international terminal to really bring us up to the world's best class."

Argus also said the airport is looking at a completely new transport hub which includes integrating passenger pick-up and drop-off to the front of the terminal

"We will take out car spaces to create drop off and pick up our passenger flows which will give us a lot more space and free up that forecourt area for the next five to 10 years," he said.

The development plans will also include a new rail line, as the state and federal governments have both committed to an airport train.

Melbourne Airport will need to submit its plans to the federal government by December 18.

Never miss a news update, subscribe here. Follow us on Facebook, LinkedIn, Instagram and Twitter.

Business News Australia

Get our daily business news

Sign up to our free email news updates.

 
Four time-saving tips for automating your investment portfolio
Partner Content
In today's fast-paced investment landscape, time is a valuable commodity. Fortunately, w...
Etoro
Advertisement

Related Stories

Nick Scali shares reach all-time high following UK expansion plans

Nick Scali shares reach all-time high following UK expansion plans

Nick Scali’s (ASX: NCK) plans to expand into the UK have...

Super Retail Group to face court over allegations of undisclosed exec relationship, bullying

Super Retail Group to face court over allegations of undisclosed exec relationship, bullying

The board of Super Retail Group (ASX: SUL) has announced today that...

Aussie-founded sleep device giant ResMed sees profit lift 29pc

Aussie-founded sleep device giant ResMed sees profit lift 29pc

Shareholders backing Australian-founded, California-based sleep med...

“Difficult decision”: Atlassian co-CEO Scott Farquhar to step down

“Difficult decision”: Atlassian co-CEO Scott Farquhar to step down

After 23 years as co-CEO of Sydney-headquartered software giant Atl...