Melbourne Airport will spend A$1 billion (US$949-million) in the next two years to transform itself to play its part to reach the State of Victoria's objective to become "Asia's food bowl".
Construction is already underway on an air cargo centre, with a new internal road network in the planning stage, reports Atlanta area Air Cargo World.
Airport CEO Chris Woodruff said Melbourne Airport's significant international passenger growth has also driven growth in freight.
"By keeping Victoria connected, we provide opportunities for exporters, particularly for time-sensitive, high-value fresh seafood and meat, key exports to growth markets in the Middle East and Asia," Mr Woodruff said.
"To support the state government's vision of becoming Asia's food bowl, we're also investing in freight and logistics, increasing freight apron capacity and facilities in our business park where we have five of the top 10 global freight companies as tenants," he said.
Melbourne Airport contributes A$1.47 billion to Victoria's gross state product with this forecast to rise to A$3.2 billion by 2033.
"Our operations are also vital in keeping Victoria connected to the rest of the world. Melbourne Airport is the freight gateway for Victoria, Tasmania, South Australia and southern New South Wales, and it's all underpinned by our curfew-free operations," Mr Woodruff said.
"Melbourne Airport is a critical piece of state infrastructure and our investment in our facilities and roads will further strengthen our contribution to Victoria's economic and social wellbeing," he said.