Architect’s rendering of YFC departures lounge in the new terminal building. Credit: Fredericton International Airport.

The governments of Canada and New Brunswick have reached an agreement with Fredericton International Airport Authority (FIAA) to finance the planned expansion of the terminal building at Fredericton International Airport (YFC).

Through the New Building Canada Fund, Provincial-Territorial Infrastructure Component – National and Regional Projects (PTIC-NRP), the governments are each contributing C$9m ($7.03m) for the modernisation project.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

FIAA will bear the remaining project costs.

Fredericton parliament member Matt DeCourcey said: “The Fredericton International Airport brings hundreds of thousands of people to New Brunswick annually.

“This project is critical, and we are grateful that all levels of government recognise the importance of the airport to our region’s economy.”

“Modern and efficient transportation infrastructure provides greater economic opportunities for Canadian businesses, connecting them to regional and international markets, and provides good jobs for the middle-class and those working hard to join it.”

Under the project, additional ticket counters will be installed and a security screening area will be modernised. The project also includes the provision of larger arrival and waiting areas, as well as updated heating and cooling systems.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The terminal expansion and modernisation will enable YFC to continue to support the increased traffic and economic impact while creating an additional 572 full-time jobs during the construction phase.

FIAA president and CEO Johanne Gallant said: “This project is critical, and we are grateful that all levels of government recognise the importance of the airport to our region’s economy.”

The expansion of airport will boost the size of the terminal by 50%. Upon completion, the airport will provide efficient traffic flow for passengers checking in for flights and extra space to accommodate more travellers.

It will also offer increased energy-efficiency, covered walkways for aircraft boarding, and improved comfort at the airport.

Design work has been completed and the project is tender-ready. Construction is scheduled to commence this year.