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2018 promises to be another exciting year for Victoria International Airport. Passenger growth has increased twenty-five percent in the last five years, as we approach two million passengers annually. All indications point to continued growth in the years ahead.
As we prepare for growth, we will be undertaking a 27-month expansion of its lower passenger departure lounge. The expansion will more than double the size of the existing area. It will feature dedicated boarding gates, expanded seating, new concessions and improved washroom facilities.
Construction and facilitating the flow of passengers to and from their aircraft represents a significant challenge, but we are up to the task.
While our plan is for the project to present as minimal disruptions to the customer experience, undoubtedly there will be some moments during the project that present inconvenience. We ask for your patience and understanding, knowing that this project will ultimately facilitate growth, new air service and broader economic prosperity for the Greater Victoria region as a whole.
In speaking of economic prosperity, we recently engaged InterVISTAS Consulting Inc.to conduct an economic impact study to measure the economic contribution associated with ongoing activities of Victoria International Airport. The study concluded that in 2017, the airport generated 4,200 person years of employment, $270 million in wages, $420 million in Gross Domestic Product (GDP), and $880 million in economic output.
It is clear about the importance of an airport to the region, and our job is to help facilitate that growth.
From all of us at Victoria International Airport, we look forward to serving you.
President and CEO
Victoria Airport Authority