Sell with Confidence
Read More

Ballarat Applies For $5M Regional Airports Funding

By Phillip Lee

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

  • From a Low Tide to a King Tide

    It’s fascinating to compare our sales results from last month with our results of 12 months ago. The contrast in market conditions will never be more stark, yet we also are reminded that what is important to our customers remains unchanged. In April 2020 we wrote $2.54 billion in sales … Read more

    Read Full Post

  • Ray White Now – Real Time Market Update May 2021

    Welcome to this month’s real time residential market insights, we’ve created this document to provide clarity to all our customers on what is happening in the market now. As Australasia’s largest real estate group, selling one in every nine homes across Australia, we are uniquely placed to provide our clients with the … Read more

    Read Full Post