New Parallel Runway
Brisbane Airport (BNE) is one of Australia’s fastest-growing passenger and freight airports.
It is recognised as the centre of the aviation and aerospace industry for Queensland and Australia and a key driver in the long-term growth of the state and national economies. It is estimated that by 2033-34, BNE will generate a $13.4 billion contribution to the Australian economy and support more than 88,000 jobs Australia-wide. Brisbane Airport Corporation (BAC) continues to invest in airport capacity to meet these growth expectations. As one of Queensland’s largest private investors in infrastructure, BAC has invested more than $1.3 billion in the past 10 years, with a further $2.5 billion planned for the next decade.
The most significant investment at BNE is the construction of a new runway and taxiway system, now underway and costing about $1.3 billion. To put that figure in perspective, BNE was purchased from the Commonwealth in 1997 for the same amount. When the new runway opens in 2020, it will give Brisbane one of the best runway systems in Australia and deliver many benefits including:
- A regional economic benefit of about $5 billion a year by 2035.
- Creating 2700 jobs at peak construction.
- Creating 7800 jobs for the Brisbane/Moreton region by 2035 due to additional capacity.
- Tourism facilitated by the airport quantified at $3.1 billion in the FY13. This is estimated to grow to a national contribution of $7.6 billion by 2033-34.
- Forecast flight growth from 227,000 in 2014-15 to more than 360,000 by 2035.
- Forecast passenger number growth from about 23 million in 2014-15 to about 50 million by 2035.
- Providing the same level of capacity as Hong Kong and Singapore airports today.
To discover more information on this project, please visit the Brisbane Airport website.