Melbourne Airport to invest ‘half a billion dollars’ p/a over next decade on development works

    Melbourne Tullamarine Airport CEO Lyell Strambi estimated (21-Aug-2017) the airport will invest “on average, more than half a billion dollars per year, every year” over the next decade to 2027 on development works to “improve, maintain and grow” the airport. Mr Strambi added: “The most important part of that investment will be building our third runway, which will increase capacity from our current limit of around 55 movements per hour, to more than 90 movements per hour”. Other projects under consideration include improving ground access, Mr Strambi stated “we are passionate advocates for the need to invest in a rail connection to the airport”. [more – original PR]