On May 7, 2018 the Government of Canada, Province of New Brunswick and Fredericton International Airport Authority (FIAA) announced an agreement to fund the planned expansion of the Fredericton International Airport (YFC) terminal building.
The terminal was initially designed to accommodate 200,000 passengers a year and exceeded this capacity more than 10 years ago. Nine consecutive years of record-breaking growth traffic culminated with over 423,000 passengers travelling through YFC in 2018. This increased traffic, combined with two new year-round air carriers and several new sun destinations, has placed an ever-increasing strain on the airport’s outdated infrastructure.
Our airport is the first impression travellers, investors, and dignitaries have of Fredericton, and the last chance to reinforce the positive impression our capital region makes on visitors. The expansion and updated design reflects the importance of the Fredericton International Airport in welcoming travellers to our city and our province.
We are grateful to the Fredericton Chamber of Commerce, Ignite Fredericton, UNB, McCain, and the Atlantic Canada Salmon Foundation for their support in securing this funding. In addition, local governments in Fredericton, Oromocto, New Maryland, Nackawic, Regional Service Commission 11, the Province of New Brunswick, and MP Matt DeCourcey worked closely with the airport authority and as a community to ensure this critical project was able to move forward.
The YFC Expansion project is a partnership between the Fredericton International Airport Authority, the Province of New Brunswick, and the Government of Canada. The Government of Canada is investing $9 million through the Provincial-Territorial Infrastructure Component of the New Building Canada Fund for National and Regional Projects (PTIC-NRP). The Government of New Brunswick will contribute $9 million through the Regional Development Corporation’s Strategic Infrastructure Initiative. The Fredericton International Airport Authority is contributing the remainder of the project’s costs which is estimated to be $12 million.
As a not-for-profit corporation, all revenues generated by the airport authority are reinvested into the airport. The authority works hard to ensure that our region has reliable access to markets and destinations worldwide. The members of our Board of Directors are nominated by key stakeholder groups, ensuring that our community’s voice is always driving the direction of growth at the Fredericton International Airport.