Loan deal means lift-off for Townsville Airport revamp
The project is expected to create more than 200 construction jobs and 50 operational jobs.
“We are delighted about the financial close on our $50 million NAIF loan, which will allow us to begin work on the redevelopment before the end of the year,” Queensland Airports Limited chief executive officer Chris Mills said.
“Roof works will be the first project to get underway and in the new year we will begin core infrastructure works.
“This redevelopment will address capacity issues and make the terminal more modern, welcoming and efficient.”
Mr Mills said there had been an emphasis on planning this year and 2020 would be a year of delivery for Townsville Airport.
Federal Member for Herbert Phillip Thompson said upgrade works would include refurbishment of the terminal, construction of a new terminal roof, increased lounge capacity and new water, fire and waste facilities.
“The last big terminal upgrade was back in 2003. In the past 16 years or so, the airport’s passenger movements have grown by more than 80 per cent,” he said.
“We need to accommodate that growth, facilitate even more passenger movements and take full advantage of the benefits that can bring the city and wider region.
“NAIF has copped nothing but whingeing and criticism from Labor, but I can say it has created some fantastic opportunities for our community, including this $50 million loan, the investment of up to $20 million in the Cowboys’ Community, Training and High Performance Centre and the funding of up to $98 million for JCU’s Technology Innovation Complex.”