Australia's Melbourne Airport has unveiled the $1bn Southern Precinct project which includes the construction of a new domestic terminal designed to handle up to 20 million passengers per year.
The redevelopment project is part of airport's planned investment for the next five years.
Melbourne Airport CEO, Chris Woodruff said the Southern Precinct project is an important stage in the development of Melbourne Airport, and was driven by strong passenger growth.
"We are in ongoing discussions with prospective users of the new terminal about its configuration and operation," Woodruff said.
Under the phase one of $300m Southern Precinct project, a new 35,000m² domestic terminal facility will be constructed to provide 20% extra floor space to handle more passengers on top of the 28 million passengers per year the airport currently handles.
The project also includes the construction of 35 additional aircraft parking aprons, taxi lanes, two new multi-level structures for ground transport services providing further car parking spaces, and access to other services.
It also comprises the upgrading of the airport's road network to provide access to the new terminal precinct and to assist the future growth over the next 30 to 40 years.
"In addition to the economic and employment benefits created during the construction period, this project will deliver ongoing benefits to Melbourne and Victoria by facilitating the growth of airlines, including the basing of additional aircraft in Melbourne and the introduction of new services," Woodruff said.
The work on the project is expected to commence in October this year and the new terminal facility will begin its operations by July 2014.
Image: The completion of Southern Precinct project will allow the airport to handle the increasing passenger traffic. Photo: Jon-Eric Melsæter