An airport for Melbourne’s eastern suburb residents will be built by Victoria’s Paragon Premier Investment Fund
An airport for Melbourne’s eastern suburb residents will be built by Victoria’s Paragon Premier Investment Fund after a business plan was recently presented to the Victorian Government.
The airport will initially run freight before running commercial passenger flights and will be located between Koo Wee Rup and Lang Lang – also making it handy to people living in regional towns in Eastern Victoria.
The cost of the project is still unknown, but Paragon reportedly has tentative approval for a loan of $7 billion to fi nance it.
The Victorian Government needs to classify the airport as necessary infrastructure in order for the financers to approve the proposed loan.
The Shire of Cardinia identifi ed several locations between Koo Wee Rup and Lang Lang ( both approximately one hour from Melbourne by road) as potential sites for an airport way back in 2013.
The new airport could service a third of Victoria’s population, including the 300,000 residents of Gippsland. It would have the benefit of good transport connections and the potential for future rail access.
The southern and eastern regions of Melbourne are projected to grow by up to one million residents in the period to 2050, bringing the population catchment of a south- east airport up to around three million - the same as south- east Queensland.
“The new airport could service a third of Victoria’s population”
Above: A third airport for Melbourne would cater to people living to the east of the city and in regional areas in the eastern side of the state