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:
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