The North Peace Airport Society says an assessment has shown that approximately $23 million in capital improvements are needed over the next ten years to meet the growing demands of the airport.
Current reserves have been released for the most urgent projects, and the increased funds will be used to fully implement needed improvements. Managing Director at North Peace Airport Services Moira Green says those include water and sewer infrastructure upgrades, terminal expansion, equipment replacement, parking improvements, terminal access roads and runway resurfacing.
It’s expected with the increase the AIF will fund 55 per cent of the airport’s capital budget. Green explains that it was important this cost is borne by the user, not taxpayers, and she believes the increase will not affect traffic at the airport as its AIF is still competitive with other nearby airports.
The increase was approved by both Air Canada Jazz and Central Mountain Air.