Sunshine Coast Council is awaiting a report detailing the best investment model options available for the Sunshine Coast Airport’s proposed new runway.
Also referred to as Maroochydore Airport, it is considered the gateway to the state’s top holiday destinations, including Caloundra, Mooloolaba, Noosa, and Maroochydore, Queensland.
Competition to consult on the project was strong, but the Royal Bank of Canada was eventually selected.
Mark Jamieson, the Sunshine Coast mayor, said the successful applicant had an impressive history, including the development of suitable models for many other newly developed or privatised airports across the nation.
He said the firm would liaise with the local market on the best models for investment, which could range from a long term lease or joint venture to privatisation and then report back to the council.
The land needed for the new runway project, expected to cost $400 million, has been gifted to the council by the State Government.
An estimated $100,000 has been allocated for the consultancy costs.
Later this year, an airport environmental impact study is due to be released.
News of the runway development project was contained in the Sunshine Coast Economic Futures Board’s first annual report, which also revealed plans for the new Maroochydore CBD.
A report outlining the new Sunshine Coast runway’s best investment model is due out within the next two months. The council will likely keep the community informed of its progress either via its website or flyer printing.
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