Bill Grant, BAC’s chairman, commented: “This is a clear signal that we are absolutely committed to building this critical piece of national infrastructure.”
The runway represents A$1.35bn of private investment and will reportedly create 2,700 construction jobs, as well as 7,800 permanent jobs in the Brisbane/Moreton region by 2035.
Grant continued: “In the last 10 years, BAC has spent more than a billion [Australian] dollars on Brisbane Airport and in the next 10 years, we’ll spend another A$2bn.”
The project comprises the 3.3km-long, 60m-wide runway; more than 12km of taxiways, navigational aids and other airfield infrastructure.
All are being developed on a 360ha green field site adjacent to the existing system.
By the end of phase one, the project will have cost A$500m.
CEO and managing director, Julieanne Alroe, said BAC has almost finished preliminary enabling civil works on the site; once they’re completed, the dredging and reclamation will commence.
She said the company was proud to be “setting the standard for Australian airports.”
She asserted: “We will deliver this critical infrastructure project by 2020 and acknowledge important milestones along the way.
“On completion of this project, Brisbane Airport will have a runway system with the capacity of major international airports like Hong Kong or Singapore.”
The dredging and reclamation involves placing 13 million cubic metres of sand up to a maximum height of eight metres above ground to consolidate the soft underlying soils and form a stable platform to construct the runway.
The final phase of the project – the construction of the runway and taxiway – are expected to commence by 2017.