The Urban Developer
Clare Burnett
19 June 2026
A masterplan for a $5-billion investment in Brisbane Airport has been approved.
The five-year blueprint, greenlit by the Commonwealth, includes progressing plans for Terminal 3, which is slated for between the two main runways.
The vision for the airport was drafted last year by the Brisbane Airport Corporation (BAC) after forecasts passenger numbers would double in the next 20 years,
BAC is a consortium of investors including IFM, QIC and Spirit Super.
Terminal 3 is planned to total 26,000sq m and include aviation services, short-term accommodation, offices, shops, and food and drink outlets.
It would handle domestic and international passengers under one roof, and be incrementally expanded in stages through to 2046.
Terminal 3 would be completed in stages from the mid-2030s, with key components including passenger gates, connections to Terminal 2 and a hotel development.
The masterplan also covers the expansion and upgrade of departure lounges, baggage handling system capacities and self service processing facilities for Terminal 1, Brisbane Airport’s international terminal...
