Edmonton Airports’ Board Approves Continued Air Terminal Redevelopment
July 13, 2007 | General
Edmonton – Edmonton Airports’ Board of Directors has approved the commencement of the design work for Phase 4 of the Air Terminal Redevelopment Project. Phase 4 is the renovation and expansion of the original North Terminal and current home to Canada’s fastest growing airline, WestJet Airlines.
In February 1999, the Board of Directors approved Phase 2, (South Terminal completed in December 2000), and Phase 3 (Central Hall now under construction). The newly approved Phase 4 will include renovations and expansion of the North Terminal holdrooms, including aircraft bridges, baggage facilities and airline ticket counters, additional food & beverage and retail services, and associated airline infrastructure.
An increase in the Airport Improvement Fee (AIF) is required to fund the newly approved Phase 4 and future Phase 5. Commencing July 01, 2002, the AIF will increase by $5, bringing the total AIF paid by each departing passenger to $15.
Total Edmonton market passenger numbers have increased by over 60% since 1994, and passenger numbers at Edmonton International Airport by 162% during that same period. Edmonton International Airport led the country in passenger growth in 2001with a 2.5% increase over 2000.
AIF funding for Phase 4 will enable Edmonton Airports to maintain a continuous construction schedule. The Phase 4 terminal redevelopment is required to modernize the sub-optimal terminal facilities constructed in the 60s, to meet the same rigorous customer service standards and provide passenger amenities consistent with the South Terminal and Central Hall.
Edmonton Airports President and CEO Scott Clements states, “This facility expansion is required to meet the significant demands of growing passenger numbers at our airport. Most notable is the increase in WestJet passenger numbers, which grew 36% in 2001 over 2000, and now represents over 30% of our customers. Those important WestJet customers are being served in an undersized building constructed in 1963 with inadequate capacity to meet current and future passenger and airline needs, and support the ongoing growth of the Capital Region.”
This AIF will also finance modifications to Central Hall, which will provide additional space for state-of-the-art security equipment to support secure, efficient passenger screening. Phase 5, not yet approved by the Board, is a three-level addition to the Parkade and will be funded through the AIF. The AIF funding will also allow the early retirement of debt creating significant interest savings to the airport and our community.
The AIF has been in place at Edmonton International Airport since 1997. Up to the end of 2001, $67 million has been collected through the AIF. AIF revenue is used to fund the Air Terminal Redevelopment Project.
For more information on this announcement, the public is encouraged to visit Edmonton Airports’ website at www.flyeia.com.
Edmonton Airports is a not-for-profit organization mandated to manage the region’s airport assets on behalf of and in the best interest of the Capital Region.