Melbourne Airport Undergoes Gigantic Expansion
Melbourne Airport is undergoing a gigantic expansion which is set to become larger than London’s Heathrow airport, the world’s busiest international airport.
This major plan will allow Melbourne Airport to operate more flights; thereby serving more passengers, whilst creating a large number of new jobs at the same time.
With a massive 2,400 hectares as well as additional acquired private land, this site has plans to include a brand new terminal, a new parking hub, and additional road improvements including an elevated road network as well as power, gas and water infrastructure. The plans also involve an important Business Park.
This year alone, capital expenditure is expected to reach $750 million, with a further $6 billion to be spent over the next 10 years, and $10 billion over 20 years.
One of the major developments is the Airport Drive, costing approximately $100 million allowing commuters to have a second means to access the airport and will link directly from the Western Ring Road. There is also a proposed rail link to the airport that will run along a strip of the Airport Drive.
The Business Park is also another key development which has already seen $260 million spent on it since 2013. The purpose of this Business Park is for large logistics operations with warehouse needs from 10,000 to 100,000 square metres. Larger trucks can also access this through the wider roads.
The Business Park is expected to be completed in 10 years time consisting of 220 hectares of developed land as well as 1 million square metres of facilities. This will provide great advantages for businesses looking for an on-airport location, giving instant access to airside freight.
But it’s not all just industrial warehousing taking over the land. Offices, hotels, car parks and cafes will also make their home here creating lots more opportunities for new businesses in the not so distant future.
Published on 30th of October 2014 by Marty Stanowich