MONCTON (GNB) – The Greater Moncton International Airport's 3,000 metre (10,000 ft.) runway extension was officially opened today.

“Investing in key transportation infrastructure projects such as the Greater Moncton International Airport runway extension project is an important part of our government's plan to create jobs and rebuild New Brunswick's economy,” said Premier David Alward. “The project will not only assist in increasing trade and traffic, but will also provide economic opportunities for New Brunswick companies and investors.”

This project extends the airport's main runway from 1,845 metres (6,150 ft.) to 3,000 metres (10,0000 ft.) in order to allow the airport to handle larger wide-bodied and heavy aircraft, which will lead to an increase in trade and traffic.

“This investment will enhance the airport's position as an international air cargo hub,” said Moncton-Riverview-Dieppe MP Robert Goguen. “Moreover, it will provide substantial benefit to the regional economy, and contribute to long-term economic prosperity in New Brunswick.”

Goguen attended the event for federal Transport Minister Lisa Raitt.

“The Greater Moncton International Airport Authority is proud of this new infrastructure, which will allow us to compete around the world for ever-increasing cargo, trans-shipment and passenger traffic,” said Rob Robichaud, president and chief executive officer of the Greater Moncton International Airport Authority. “On behalf of the authority, I thank the federal and provincial governments for their investment in our vision and our community. Their support in our ongoing development has been outstanding. We are in an excellent position for a successful and bright future.”

Construction to extend the runway began in May 2012 and was completed in October 2013. The total cost of the project is $24 million. The federal government is contributing up to $4 million through the Gateways and Border Crossings Fund. The provincial government invested $4 million and the Greater Moncton International Airport Authority provided the remaining amount.