It’s projected to grow to one million passengers per year by 2023
Jul 30, 2021 By: KitchenerToday Staff
Demand to fly in and out of Waterloo Region is expected to soar in the coming years.
On Thursday, the Region of Waterloo broke ground on an ambitious expansion to twice its current size.
“This expansion will add jobs to our economy, help attract businesses and talent to our region, and support the tourism industry as we begin to move past the pandemic,” said Regional Chair Karen Redman. “We live in one of the fastest growing communities in the country, and will remain a growth leader in the coming years and decades.”
Communitech and the Waterloo Region tech ecosystem are also pleased with the expansion.
“Tech ecosystems are always looking for talent, capital, and customers,” said Matt Bondy, VP of External Affairs at Communitech. “We’re going to get more of all three with the doubling of YKF.”
The expansion will cost about $17 million, and could be part of an overall commitment of up to $44 million.
The work includes the construction of an addition to a passenger hold room, along with a bag claim building.
According to staff, this will improve capacity with an expected increase to passengers, with the arrival of Flair Airlines.