Budget - Peterborough Regional Airport
Peterborough Airport continues to be an economic driver and contributor to employment for the region serving various sectors of the aerospace industry. The airport's 7,000-foot-long runway and supporting infrastructure has been designed to accommodate Boeing 737 series aircraft. Home to over 20 businesses, the airport provides direct employment to approximately 500 people. Seneca College’s School of Aviation is based at the airport, supporting up to three semesters of students. Aircraft movements are approximately 45,000 to 50,000 per year.
The Manager of Airport Administration leads airport development and construction activities, on-going business development, tenant relations, and administrative and financial management functions including overseeing contracted services for airport operations. Loomex Property Management has completed year thirteenth year of the Airport Management and Operations contract which remains in effect until 2029.
The 2026 operating budget reflects an increase in day-to-day costs due to utilities, the introduction of security services, and contractual obligations under the Airport Management and Operations contract. Property taxes are paid to Cavan Monaghan Township and recovered from airport tenants.
An Airport Master Plan, endorsed in principle by Council in 2022 (report IPSAIR22-006), provides a strategic framework for medium to long term development through 2037.
The City’s annual contribution of approximately $1.0 million to the Airport Development Debt Servicing Reserve, established to fund its share of the ISF Airport Expansion Capital Project has concluded as of 2026. The dedicated Airport Pavement Reserve contribution has been increased to an annual contribution of $0.85 million to support future rehabilitation of asphalt surfaces. Any remaining development review fees are transferred to a reserve to be used for future airport development related expenditures.
Recommendation
That any excess Airport development review fees at the end of 2026 be transferred to the Airport Development Review Reserve for future Airport Development related expenditures and that, if the 2026 Airport development review costs exceed the review fees, funds may be drawn from the Airport Development Review Reserve.
Highlights
Extension of Taxiway Bravo
The Airport's 7,000-foot-long primary runway currently is supported by a half-length taxiway from the east end to the midpoint of the runway. When aircraft require full length of the runway to depart towards the east (due to wind direction), they taxi on the runway to reach their takeoff position.
The current configuration creates a conflict between aircraft in the air and on the ground, requiring pilots in the air to alter their flight paths to accommodate the time required for aircraft to position on the west end of the runway.
As air traffic volumes rise, so does the associated safety risk. The extension of Taxiway Bravo, identified as a short-term priority in the 2022 Airport Master Plan, aims to mitigate these risks, enhance safety measures, improve operational efficiency at the airport, and possibly open up opportunities for future development. Projected air traffic growth in 2026 reinforces the need for immediate construction of this critical infrastructure.
Design and planning activities were completed in 2025. Construction of the taxiway extension is planned to commence in 2026. The 2026 budget for this project is funded by Canada Community Build Fund funding.
Overview - Operating Budget
| Description | 2026 Recommended |
|---|---|
| Expenditures | $3,320,095 |
| Revenues | $1,122,305 |
| Net Requirement | $2,197,790 |
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City Hall
500 George St. N.
Peterborough, ON
K9H 3R9
Phone: 705-742-7777
Toll Free: 1-855-738-3755
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