Last week Auckland Airport held an investor day which among other things provided some very useful information about what we can expect from the airport in the future. The presentation gives quite a lot of details around where some of the future growth will come from but for me the most interesting slide in the whole presentation is the image below which is in the section talking about the airports 30 year vision. It really helps to show just how important it is going to be to get some good transport options into the area.
That is an absolutely massive increase in passenger numbers and so it’s no surprise when they say:
Growth means more pressure on land transport system
What’s more is that those passenger numbers don’t include the number of people who would be working in the terminal or in the surrounding commercial areas that will all need to get to and from work somehow. That is currently at around 20,000 people but will invariably increase as the airport continues to develop. To put things another way, 40 million passengers a year equates to an average of about 110,000 per day. Adding in the people working and the total travel demand in the area could be similar in total size to what the central city is today. That in itself is interesting as one of the slides talks about how the entire CBD could easily fit inside the Airport’s land holding.
With that sort of growth and the resulting travel demand it really does highlight how important it will be to get rail to the airport eventually. The Airport says that they have made an allowance for a station at the terminal however they are also saying that they won’t pay anything towards it and that it will have to be built by local and/or central government. To me there are some positives and negatives to that. Positives include that the airport shouldn’t be able to impose an extra terminal surcharge just for using the station – like what happens in Sydney. In addition timing is not likely to be tied to when the airport can afford its share. However negatively it means that all costs go to tax/ratepayers even though the Airport company will benefit greatly from the construction of it.
One other reason we can guess don’t want to help pay for a rail connection is that they are unlikely to want to damage their increasingly successful parking business. The presentation shows that in the last financial year revenues from parking increased strongly to $40.4m with it increasing not just because of more carparks but also improved revenue per space.
They also say they are looking to add more than 1,100 carparks over the next year which will primarily be at their park n ride site although they are also changing some staff parking near the terminal to public parking
The image below shows the current plan that is a part of their 30 year vision including the second runway to the north which they say will likely be needed in roughly 2025. It shows the intention to develop much of the land to the north of the airport and also to join the domestic and international terminals together into a single building.
On the single terminal they have released this image of what the terminal might eventually look like.
I’m aware that they are current working on a master plan which will provide a lot more detail as to how the airport will develop and that it is due early next year. We will follow that development closely.