THE Australian government has greenlit the construction of a third runway at Melbourne Airport, a development freight forwarders and shippers believe will unlock new opportunities for exporters and logistics providers, reports New York's FreightWaves.
The new north-south runway, expected to be operational by 2031, will boost capacity by enabling simultaneous takeoffs and landings, reducing delays and enhancing service levels.
Melbourne is projected to become Australia's largest city by the next decade, surpassing six million residents, and the federal government anticipates a corresponding rise in freight demand.
The Freight & Trade Alliance and the Australian Peak Shippers Association have welcomed the infrastructure upgrade, highlighting its potential benefits for the air freight sector.
Located in Victoria and near major industrial hubs, Melbourne Airport is critical in Australia's airfreight industry, handling over 40 per cent of the nation's air exports.
According to an airport fact sheet, it facilitates the yearly export of $1.2 billion locally produced goods.
It is a hub for agricultural markets across Victoria, South Australia, and Tasmania.
According to estimates from Australia's Bureau of Infrastructure, Transport and Regional Economics, the airport is projected to handle approximately 248 million tons of cargo this year.
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The new north-south runway, expected to be operational by 2031, will boost capacity by enabling simultaneous takeoffs and landings, reducing delays and enhancing service levels.
Melbourne is projected to become Australia's largest city by the next decade, surpassing six million residents, and the federal government anticipates a corresponding rise in freight demand.
The Freight & Trade Alliance and the Australian Peak Shippers Association have welcomed the infrastructure upgrade, highlighting its potential benefits for the air freight sector.
Located in Victoria and near major industrial hubs, Melbourne Airport is critical in Australia's airfreight industry, handling over 40 per cent of the nation's air exports.
According to an airport fact sheet, it facilitates the yearly export of $1.2 billion locally produced goods.
It is a hub for agricultural markets across Victoria, South Australia, and Tasmania.
According to estimates from Australia's Bureau of Infrastructure, Transport and Regional Economics, the airport is projected to handle approximately 248 million tons of cargo this year.
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