Project Title:

Nanaimo Airport Socio-Economic Study

Project Organization:

Nanaimo Airport Commission

Project Investment:

  • Island Coastal Economic Trust: $30,000
  • Applicant Equity: $30,000
  • Total Budget: $60,000

Project Highlight:

The Nanaimo Airport is the sixth largest airport in B.C. and one of the fastest growing in terms of annual passenger volumes.

Since 2007, the Nanaimo Airport Commission, alongside government, the Trust, and other partners, have invested tens of millions of dollars into runway expansions, instrument upgrades, runway lighting, road and parking expansion, emergency response service, and the recently opened terminal expansion. 

This latest socio-economic study will serve as a crucial leveraging document to secure investor funds for future project works. It will outline how planned capital and infrastructure improvements will impact on municipalities, Indigenous communities, and regional districts. The second phase of development, estimated at between $35-$70 million, comes at a crucial time in the airport’s growth trajectory as travel returns to pre-pandemic levels.   

Results of the study will allow the Airport Commission to have a better understanding of how the airport can support an increased movement of people and align with regional tourism strategies. It is also a crucial document to help articulate to communities served the current and future potential of planned project works. 

Island Coastal Economic Trust approved funding for this project in 2022 through the Investment Readiness program.