Auckland International Airport has put forward a NZ$2.4 billion ($1.98 billion) upgrade plan to allow it to handle an expected increase of close to three times in passenger numbers by 2044.
In a presentation to investors, the airport said it expects passenger numbers to grow from 14.5 million to 40 million over the next 30 years, largely driven by stronger international traffic as it seeks to position itself as a hub between Australasia, Asia and the Americas.
The airport foresees that a second runway will be required by 2025, which would be constructed north of the existing runway and have the same alignment. It is planned that the runway would be linked by two Code F taxiways that would be capable of handling Airbus A380s.
In addition to that, it expects that by 2044 terminal space will increase from the current 130,000m2 (1.34 million ft2) to 322,000m2, while the number of aircraft parking positions will grow from 56 to 94, including 11 Code F bays.
In addition, the airport would look to develop more commercial buildings and hotels in the terminal precinct over the next 30 years.
It stresses, however, that the plan does not represent a 30-year capital expenditure plan, and that it will be done in stages with the appropriate consultations and approvals being sought at each level of development.
Auckland airport recently started work on a NZ$29 million upgrade to its domestic terminal aimed at relieving growth pressures and providing a better experience for passengers.
For the rolling 12-month period to the end of September 2013, the airport handled 14.3 million passengers, an increase of 7.8% on the prior corresponding period.