The North Peace Regional Airport has been granted $250,000 for a runway upgrade.
The Northern Development Initiative Trust approved the economic infrastructure grant as one of the airport's two runways has not seen significant improvements for more than 20 years.
"Without the improved runway, airport operation would be in jeopardy, which would negatively impact the economy of the North Peace Region and B.C.," the Trust noted in a news release Thursday.
The Vantage Airport Group manages and operates the airport on behalf of the North Peace Airport Society, comprised of local governments.
The airport saw 268,240 passengers through its terminal last year, a 6% jump from 2017, and setting a new all-time record for traffic. The airport is forecasting modest growth of 3% for 2019.
The airport generates $24 million in economic GDP activity, including more than 300 jobs and $18 million in local incomes and $8.2 million in tax revenues.
“The Northern Development Initiative Trust’s (NDIT’s) contribution recognizes the significance of the North Peace Regional Airport as a socio-economic enabler for the region," society president Jim McKnight said in a statement.
"Our Regional Airport supports many major projects and industries to thrive in the North. We are very grateful for NDIT’s grant funding and look forward to the rehabilitation of the runway.”
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