The Australian government has approved the construction of a third runway at Melbourne Airport, set to commence in 2025 and open by 2031. This $3 billion project is seen as crucial for accommodating Melbourne's expected population growth to over 6 million by 2031 and the anticipated increase in annual passenger numbers from 36 million to 76 million by 2042. The new runway will allow for simultaneous takeoffs and landings, significantly enhancing flight reliability and reducing delays, which is expected to create around 51,000 jobs and add $6 billion annually to Victoria's economy. Additionally, the project will include measures to address noise impacts on nearby communities. The funding for the runway will come solely from Melbourne Airport, with no government financial support involved. Stakeholders, including freight forwarders and tourism officials, have expressed strong support for the project, emphasizing its importance for both the local economy and the logistics sector.