Funding announced by investment firm

Paragon Premier Investments Pty Ltd have announced their intentions to fund a second international airport in south east Melbourne. With the intention to build between Koo Wee Rup & Lang Lang the privately funded airport has apparently already secured the funding and developers for the project.

The idea for another international airport serving Melbourne is not a new one, it was actually a part of Plan Melbourne which was originally announced back in 2013.

Action 49
Plan for a possible airport in the South East Region Finalise a preferred site for a possible future airport beyond Koo Wee Rup, should demand warrant this beyond 2030. Preserve this future option by incorporating planning protection for flight paths and noise contours and the alignment for a connection to the rail line at Clyde. Page 19, Plan Melbourne 2017 Implementation plan

3rd Airport for Melbourne

Located 78KM’s from Melbourne’s CBD and with two runways proposed in the initial plan the airport would be able to handle up to 2.8 Million passengers per year.

It started as a discussion in Dubai, it materialised to a concept in Melbourne and in February 2017 we presented it to…

Posted by Paragon Business Group on Monday, 3 July 2017

Managing Director of Paragon Premier Investments Alande Mustafa Safi has stated that its capital partner was a consortium that had built a number of airports but would not name the group. Saying that he will name them only once he has presented his plans to the Victorian state government next week.

If given the go ahead the airport could be handling air freight by 2020 with discussions already underway with international airport operators who are looking to lease.

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