The John Holland Group has won a contract worth AUD225m ($174.4m) from the Sunshine Coast Council for the expansion of Sunshine Coast Airport in Queensland, Australia.
Sunshine Coast Mayor Mark Jamieson said that the council awarded its largest construction project to the John Holland Group after an extensive assessment period that involved five proponents.
Under the terms of the contract, John Holland Group will construct a new, 2,450mx45m main runway as designed by Beca Consultants.
The expansion project is scheduled for completion by Christmas 2020.
Early works were carried out throughout 2017, including the Finland Road upgrade for heavy vehicle traffic, engaging with the Kabi Kabi First Nation People to protect the cultural heritage of the runway expansion land, clearing the centreline and the relocation of the water main and power lines.
Over the next couple of weeks, the John Holland Group will take possession of the site to prepare it for the dredging works to commence later in 2018.
The project is estimated to cost AUD303m ($235m), including design, environmental offsets and works taken up so far.
The Sunshine Coast Airport Expansion Project is being supported by loans from the Australian government and the Queensland Treasury Corporation.
The loan will be repaid from the proceeds that the council receives from its commercial partner, Palisade Investment Partners, in 2022.
The expansion project is expected to contribute $4.1bn to the local economy over the period to 2040, create about 2,230 jobs and help boost tourism in the region.
The Mayor said: “This is largely due to the terminal expansion being taken over by the airport operator, Sunshine Coast Airport Pty Ltd, and is an early demonstration that council is taking its promise to ratepayers seriously.
“The new runway will accommodate larger, more fuel-efficient aircraft and open up direct access for the Sunshine Coast to more Australian cities, international markets in Asia and the Western Pacific and in turn, drive significant economic growth.”