The new runway at Brisbane Airport is ahead of schedule and under budget, reports qutnews.com. An excellent position to be in considering airport passengers to our great city have increased year-on-year by 1.5 per cent for the most recent financial year to 23.8 million visitors. 

International visitation has increased by 266,000 passengers to grow to 6.2 million passengers off the back of a massive 4.5 per cent growth the previous financial year. 

With regards to domestic passengers, an extra 82,000 people added to the total of 17.6 million in the financial year 2018/19. 

Gert-Jan de Graaff, Brisbane Airport Corporation (BAC) Chief Executive Officer, said this is the start of an exciting time for tourism in Brisbane. 

“When Brisbane’s new runway becomes operational and with untapped markets set to come online during that time, the potential for growth at BNE is exponential.

“There is no doubt construction of Brisbane’s new runway has helped draw these services to Brisbane and they are the first of many new airlines, routes and destinations that will grow from this investment, boosting inbound visitation to not only Brisbane, but to Queensland’s regions as well,” said de Graff. 

Paul Coughlan, BAC Project Director told the QUT News that the project will be a huge driver for the economy, generating an estimated $5 billion over the next ten years.

Over 90% of the money from the Brisbane Airport Corporation’s project is being spent in either Brisbane or the rest of Australia.

The entire site of the new runway is around 2.5 times the size of Brisbane CBD, covering 360 hectares with the new runway being 3.3km long and 60m wide. 

When the second runway is completed next year, an additional 1.3 million visitors annually are expected to visit our great city.

Brisbane Airport is already ranked 4^thin ‘Best Airports in the World (servicing 20-30 million passengers)’, and 16th in the ‘World’s Top 100 Airports’ list, up from 17/100 in 2016. 

Hannah Schuhmann said if you are visiting Brisbane CBD to see family or friends, or to attend one of the great events the city has to offer such as the Latina Fiesta at Roma Street Parklands, come and inspect the numerous investment opportunities the CBD apartment market has to offer. We have twilight inspections today from 5pm, or Saturday morning from 10am. Take advantage of this gorgeous Spring weather!