Perth International Airport in Australia has issued a $300m private placement to US investors to part-fund its $750m passenger handling capacity enhancement project.
Funds from the private placement will go towards the construction of a new domestic terminal and pier, as well as the expansion of the existing international terminal to allow the airport to handle a predicted 20.2 million annual passengers by 2031.
Perth airport has already awarded a $300m contract to Broad Group to carry out expansion works at the airport's international arrivals area in Terminal 1, work on which is expected to be completed by 2014.
Work under the initial stage of the contract includes the expansion of the incoming duty-free retail options and an improved immigration area on the first level, which will allow the airport to handle future growth in international passengers.
Perth Airport is also planning to build an expanded baggage reclaim area and a new biosecurity (quarantine) section to reduce waiting times.
During FY2011-12, the airport reported a 10.3% climb in its passenger traffic to 12.6 million, with a 6.9% rise in international passenger traffic and an 11.7% increase in domestic passenger traffic.
Perth airport's aviation facilities comprise a two-runway system that can handle both current and future intercontinental commercial aircraft and an international terminal featuring nine operational aircraft bays, five of which are equipped with aerobridges.
The airport also includes a multi-user domestic terminal complex with three freighter locations and 22 operational aircraft bays, five of which are equipped with aerobridges.
Image: Perth airport's expansion is aiming to handle future growth in international passenger numbers. Photo: courtesy of Thewinchester.