The COG Report was also approved by the Federal Environment Minister, with conditions.
The Estimated expenditure for the EIS project (‘New Runway’) is $347 M. The economic analysis results for the Net Present Value (NPV) is $243 M, resulting in a Benefit Cost Ratio (BCR) of 2.45.
On 9 February 2017, the Sunshine Coast Council (SCC) announced the outcome of a tender process for a commercial partner to assist funding of the proposed expansion of the Sunshine Coast airport - Palisade Investment Partners. Under the deal, the airport will continue to be owned by SCC, with Palisade operating the asset under a 99-year lease in return for total payments worth $605 million.
The project is now in a final design stage with construction due for completion by the end of 2020.