Sunshine Coast Airport Expansion
Preferred bidder announced
Greenfield (construction) or brownfield (government asset divestment) projects needed or likely to occur within the next five years, but is not formally proposed by a state, territory or major local government.
The project or divestment is supported by a state, territory or major local government, is subject to studies or other processes (such as pre-feasibility or scoping studies or business case development), and is likely to proceed to formal announcement.
The project has a firm commitment and timeline from a state, territory or major local government, but has not yet entered the market.
The project or transaction is under procurement (such as a call for Expressions of Interest, requests for tender, or another offer to the market).
Preferred bidder announced
A preferred bidder has been selected and is in exclusive negotiations.
Projects that have progressed to contractual close remain on ANZIP for 12 months.
ANZIP is focused only on major infrastructure activity, above the following thresholds:
Construction projects: > AUD$300m
Investable greenfield & brownfield: > AUD$100m
All greenfield and brownfield projects and divestments: > NZD $100 million
The Sunshine Coast Airport Expansion will deliver a new 2450m long by 45m wide east–west runway, capable of servicing aircraft such as the A330, B787 and B777. It will enable direct flights to more destinations across Australia, Asia and the Western Pacific.
Other key features of the project include:
- proposed changes to airspace and flight paths
- two end taxiway loops, navigation aids and expansion of the existing apron and terminal
- an Air Traffic Control Tower and Aircraft Rescue and Fire Fighting Services Station
- dredging of up to 1.1 million cubic metres of sand for fill from Spitfire Realignment Channel at Moreton Bay
- transport and temporary mooring of a dredge offshore at Marcoola for sand pumping to the project site; and
- temporary construction operations including a sand pumping pipeline and tailwater release to the Marcoola Drain.
The project received EIS approval in May 2016, and in July 2016 the Commonwealth Government provided approval to construct and operate a new runway.
In November 2016, the Federal Government approved a $181 million concessional loan for the project, expected to be repaid in 2022.
Beca, Arup, Golder Associates, LEAPP, BTM WBM and WT Partnership have been awarded the design consultant contract for the project.
The main tender for the runway construction contract closed on 7 November, with the Council selecting John Holland in March 2018. Construction is scheduled to begin in early 2018 and be completed by 2020.
In February 2017 ,the Council, reached an agreement with Palisade Investment Partners for a 99 year operating lease. The deal is worth approximately $605 million to the Council, which includes payments from Palisade for:
- $82 million for 99 year lease;
- a fixed payment of $290m following airport expansion project completion; and
- annual rental payments which equate to five per cent of total revenue (estimated value of $205m over 99 years).
Last reviewed: 24/05/2018