October 14, 2011
Prime Minister Harper announces completion of Peterborough airport expansion
PETERBOROUGH, ONTARIO – Prime Minister Stephen Harper today marked the expansion of the Peterborough Municipal Airport.
“Canada’s airports play a critical role in linking Canadians, their communities and their businesses to the world,” said the Prime Minister. “Our Government is proud to have contributed to the expansion of the Peterborough Municipal Airport through Canada’s Economic Action Plan. In addition to the construction jobs that it generated, this project will continue to spur economic growth in the city and region for years to come – including through the development of the local aeronautics sector.”
The expansion, which includes improvements to exterior infrastructure and interior commercial areas, will enable the Peterborough Municipal Airport to accommodate future growth and to take advantage of emerging aviation growth sectors. It will also help attract new businesses to the region.
The Prime Minister also toured Flying Colours, a leader in aircraft completions and maintenance and the largest tenant at the Peterborough airport.
“As a result of our government’s investment in the Peterborough Airport expansion, Flying Colours can now maintain and modify larger Bombardier aircraft, and perform exterior and interior finishing for them, and the company has plans for future expansion into Boeing and Airbus aircraft, creating jobs and economic growth in the region.”
The Government of Canada is contributing close to one third of the total eligible costs through the Economic Action Plan’s Infrastructure Stimulus Fund (ISF). The ISF is a $4-billion fund that provides funding to provincial, territorial and municipal construction-ready infrastructure rehabilitation projects. Projects funded through the ISF must be completed by October 31, 2011.
PETERBOROUGH AIRPORT EXPANSION
The Government of Canada is committed to improving transportation infrastructure in communities across the country in order to stimulate economic growth and development and create new business opportunities.
To this end, the Government, along with the Government of Ontario and the City of Peterborough, have each contributed over $7 million for the recent expansion of the Peterborough Municipal Airport. Government of Canada support was provided through the Economic Action Plan’s Infrastructure Stimulus Fund, helping Peterborough grow the local aeronautics sector, create jobs, and spur economic growth.
The expansion entailed the construction of a comprehensive aviation industrial park on the site. The improvements include the construction of a new central apron and apron expansion, the development of the general aviation areas, commercial development inside the airport, and the construction of an air terminal building and an air maintenance building.
In addition to these improvements, the length of the runway was increased from 5,000 to 7,000 feet, which greatly improves takeoff and landing thresholds. The airport has the longest paved runway between Ottawa and Toronto and is designed to support narrow body aircraft such as the Boeing 737 and Airbus 320 series.
The Peterborough Municipal Airport is owned by the City of Peterborough. It is serviced by the Canada Border Service Agency and offers a port of entry for general aviation clearance of up to 15 persons.
The City of Peterborough has estimated that total direct, indirect and induced employment resulting from the airside development initiatives would be equivalent to 135 full-time positions.
Infrastructure Stimulus Fund
The Government of Canada established the $4 billion Infrastructure Stimulus Fund through its Economic Action Plan, providing funding to provincial, territorial and municipal construction-ready infrastructure rehabilitation projects. Funding is supporting projects that must be completed by October 31, 2011. This initiative was structured to flow funding and get shovels in the ground quickly.
Since July 2009, Canada’s Economic Action Plan has contributed to the creation of nearly 650,000 new jobs and helped the country emerge from the global economic crisis faster and stronger than most other major industrial countries around the world.