Sell with Confidence
Read More
News

Ballarat Applies For $5M Regional Airports Funding

Ballarat City Council has voted to submit a $5 million application to the Federal Government’s Regional Airports Fund to extend the Ballarat Airport’s main runway at its December 11 meeting.

An extension to accommodate larger CODE 3 C planes would allow the airport to create $426.1 million in economic output and provide 1471 jobs.

If the application is successful, Council would match the $5 million funding in the 2020/21 budget.

Submissions are due by mid-December, with the outcome expected to be known by mid-2020.

The runway upgrade would also allow the Ballarat Airport to create $1.2 million in annual revenue, which would allow its overall capital investment of $7.5 million to be paid back in 6.5 years.

The current runway length of approximately 1200 metres is too short to service a regional city, compared to its Victorian and New South Wales counterparts.

The benefits of the new runway include:

  • Enhanced operation
  • Economic benefits
  • Building on current airport strengths including the established maintenance and servicing business and the large land area that can be used for commercial purposes, unlike metropolitan airports which are substantially constrainedThe

Regional Airports Program’s first round is currently open with $45 million available in total, with a maximum of $5 million for each application.

A Ballarat Aviation Emergency Service Hub has also been proposed at the airport to allow rapid response to emergencies, particularly fires, all across the state.

Council would also need to fund a temporary upgrade to McCartneys Road to provide an alternate access to the airport for development of the overall road network within the Ballarat West Employment Zone.

Source: City of Ballarat

Up to Date

Latest News

  • Powerhouse Agents Team Up

    Local agents Will Munro and Sam Borner have teamed up with Peter Ludbrook and Jarrod Cloke to create a powerhouse business at Ray White Ballarat. The merger of the two strong local real estate agencies solidified a powerful alliance in the local real estate market. This strategic move represents a … Read more

    Read Full Post

  • Ray White Now – February 2024

    Australian property prices continued to increase in December and into January and are now well above the previous peak in 2021 for both houses and units. While surprising, given the rapid interest rate increases, the growth reflects a combination of continued population growth and limited new housing supply. With supply … Read more

    Read Full Post