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Airport Expansion Complete

Airport Expansion Complete

Media Release

Crest and 'City of Peterborough' City of Peterborough

The City of Peterborough held a local celebration today to mark the official completion of the Peterborough Airport Expansion Project.

Member of Parliament Dean Del Mastro, Member of Provincial Parliament Jeff Leal and County of Peterborough Deputy Warden Barry Rand joined Mayor Daryl Bennett to mark the completion of the $28.6 million project.

The Peterborough Airport expansion entailed the construction of a comprehensive aviation industrial park which includes an industrial apron expansion (area designated for loading, unloading, re-fueling and maintaining aircraft), construction of a new central apron, air terminal building, and a maintenance facility, airside and groundside industrial development lots, and increasing the length of the runway from 5,000 to 7,000 ft.

With the airport expansion and upgrades completed, the community will work actively to attract aerospace and aviation tenants to the airport - setting the stage for the next phase of economic growth in the Peterborough region. Attracting new investment will spur economic growth, job creation and new business opportunities for the community.

In addition to facilitating growth of existing aerospace companies, the City of Peterborough is targeting aircraft maintenance, repair and overhaul, aerospace manufacturing, engine overhaul and aviation education as priority tenants for the newly upgraded facility. The immediate short-term economic impact resulting from the improvements is expected to induce 135 new jobs and increase regional economic output by $16.5 Million per annum.

The governments of Canada and Ontario, along with the City of Peterborough, each invested $7 million through the Infrastructure Stimulus Fund program for the main expansion program. An additional contribution of $166,000 was made by each of the Federal and Provincial governments toward a $750,000 operations centre to improve operations efficiency.

Earlier in the day, the Peterborough Airport played host to Prime Minister Stephen Harper and Premier Dalton McGuinty. The Federal and Provincial Governments recognize the Peterborough Airport expansion as a model project for infrastructure spending.

Peterborough Airport is located in Cavan-Monaghan Township in the County of Peterborough and is owned and operated by the City of Peterborough.

For further information, please contact:

Malcolm Hunt
Director, Planning and Development Services
City of Peterborough
Phone: 705-742-7777 Ext. 1809
Fax: 705-742-5218

Sharron Hayton
Customer Service Coordinator
City of Peterborough
Phone: 705-742-7777 Ext. 1868
Fax: 705-748-8839

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