2020 Master Plan approval will see $3.9 bn investment in airport infrastructure, says Brisbane Airport Corp
Mar 18, 2020: Brisbane Airport Corporation (BAC) has welcomed the approval of its 2020 Master Plan by the deputy prime minister. BAC CEO Gert-Jan de Graaff said the master plan was arguably the most important document the Corporation produces.
“While it is a regulatory requirement, these comprehensive five yearly documents form an essential part of our medium and long-term planning at Brisbane Airport (BNE) to ensure the continued delivery of the highest quality of secure and efficient aviation and business services.”
Providing a 20-year blueprint for development, the master plan outlines the land use planning and development intent for BNE, ensuring essential aviation infrastructure is continually delivered in advance of the increased demand.
“Airport infrastructure requires long term planning with construction periods often much longer than other large-scale infrastructure projects, and despite the current challenge of COVID-19 on the global industry, the common theme of the Brisbane Airport 2020 master plan is one of planning for growth. Growth in demand for both more frequent flights and for new destinations, growth in the businesses that call the airport their home and growth in the important freight and cargo services, both imports and exports that connect businesses across Queensland to Australia and the world.
“The approval of the 2020 Master Plan will see approximately $3.9 billion investment in airport infrastructure over the next decade, allowing Brisbane Airport to cater to the expected doubling of passenger numbers to around 51.5 million by 2040,” he said.
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 an estimated $8.7 billion to the Australian economy and provide around 46,000 full time jobs at BNE by 2040/41.
The Brisbane Airport 2020 master plan has been the subject of extensive consultation with all levels of government, industry and the community.
“I’d like to thank everyone who contributed to the master plan and we look forward to working with our partners as we strive to continue the successful growth of Brisbane Airport,” de Graaff said.