Business Case for the SunShine CoaSt airport Master Plan

Background
2.1 Project Scope
PricewaterhouseCoopers (PwC) has been engaged by the Sunshine Coast Regional Council
(SCRC) to undertake an appraisal of the Sunshine Coast Airport (SCA) Master Plan.
The Master Plan was initially adopted by the Maroochy Shire Council (as predecessor to the
SCRC) in 2007 and provides a work program for the development of airport infrastructure to
2020.
Since 2007, SCRC has reviewed the scope of the Master Plan and has undertaken additional
planning and analysis work, particularly in relation to the addition of a proposed second runway
(Runway 13/31) at SCA. Due to the large-scale capital investment required to complete the
second runway and associated projects, SCRC requires a cost-benefit analysis (CBA) of the
projects to support its submission to the Commonwealth and State Governments for funding
assistance.
This report provides an appraisal of the Master Plan projects, with a particular focus on the
commercial and economic assessment of the proposed Runway 13/31. In particular, the
project brief includes:
• A CBA of the proposed projects under the Master Plan, with a strong emphasis on the
proposed Runway 13/31
• An Economic Impact Assessment (EIA) to support the CBA
• Calculation of economic and financial metrics, including Benefit Cost Ratio and Net
Present Value, and
• Sensitivity testing against changes in key variables including forecast demand and
capital costs.
To support the analysis required in the project brief, PwC has also undertaken a commercial
assessment of the runway projects and (on a more limited basis) other Master Plan projects.
This report sets out the key assumptions and finding of our analysis as required in the project
brief. Appendix A sets out the full details of the original project brief.
Sunshine Coast Airport
6 PricewaterhouseCoopers