New Zealand's Auckland Airport revealed (29-Mar-2014) it plans to construct a new combined international and domestic terminal to meet passenger traffic growth of 40 million by 2044. The airport stated the new infrastructure will feature an underground train station, new car park and terminal plaza. Domestic and international services will be segregated at either end of the crescent-shaped terminal. A new traffic control tower will be constructed to manage both international and domestic services at the terminal. The airport stated the terminal construction is projected for completion by 2019. The airport also said it would construct a northern runway by approximately 2025 to cater for larger aircraft and predicted growth in passenger and cargo traffic. The second runway will run parallel to the existing runway, and have an operational length of up to 2150 metres. It will be built entirely on airport-owned land and without the need for any reclamation. The second runway was originally approved 12 years ago but was not built after demand fell during the global financial crisis. [more - original PR - Terminal] [more - original PR - Runway]
Auckland Airport to construct new combined terminal by 2019, second runway
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Latin America continues to provide new infrastructure to cope with the projected growth, but while there the continent accounts for 14% of the world's airport projects, that translates to only 4% of the investment dollars, according to CAPA's Airport Construction & CAPEX database.
Brazil was the centre of much attention in 2012-2014, with high cost airport privatisations, failure to complete some construction projects for the World Cup and latterly the re-election of the incumbent left-leaning President, Dilma Rousseff. But, in response to a public backlash against the spending, this may well signal a delay to the privatisation progress there for now until a review into the structure of Infraero is completed.
But the airport construction and investment activity elsewhere across the Latin American continent is attracting worldwide attention.
The following report measures the scale and nature of development and describes individual construction jobs and transactions.
PPPs could reinvigorate US airport privatisation
According to Airports Council North America (ACI-NA), which completed a Capital Needs Survey last year, US airports need to complete USD71.3 billion worth of essential infrastructure projects before 2017. Just over half of this investment is to keep pace with demand and facilitate an increase in the utilisation of larger aircraft; the remaining funds are required for the rehabilitation, maintenance and repair of existing infrastructure.
And that is before the addition of new runways and terminals and before the country even thinks about building any new airports of significance (there hasn’t been one since 1995). But with the government still strapped for cash, where is the money coming from?
Privatisation of the airports system has still not caught on in almost 20 years, but the public-private-partnership (PPP) could be the answer - as it has been in other parts of the world.