Ranking for 2016: 96
Industry Sector: Transportation
Specific Sector: Airport
Range: 0 - $500,000,000
Project Value: $418,900,000
Federal: PPP Canada: $72.8 million
Provincial: Government of Nunavut: $68.7 million up front (remaining to be paid through availability payments)
Government Funds Involved:
Funding Source: P3
Location: Iqaluit, Nunavut
Estimated End Date of Substantial Completion: 2017
Located in the capital city of Nunavut, the new Iqaluit International Airport will replace the original 1940 Frobisher Bay Air Force airport, and will continue to play a strategic technical support role for both military and civilian aviation. The project will include the construction of a new airport building, expanded aprons for planes to park, new lighting systems, an upgraded runway, and a new combined-services building that will house the fire-fighting vehicles/support equipment, and heavy runway and apron maintenance equipment.
Once completed in 2017, it will address a host of safety and efficiency issues at the existing airport while also offering Nunavummiut, businesses, and visitors access to an array of improved conveniences in their air travels
to and from the region.