Last week, four new projects worth some $29 million have been initiated at Auckland Airport, which has heightened its development programme to around $115 million. It is the country’s one of the most vigorous programs.

The projects include a food innovation centre to develop and test products for commercialization, a private travel and tourism training school, a commercial office building and a warehouse facility.

Peter Alexander, Auckland Airport’s General Manager of Property said, “With more than 18 million people passing through each year, and tipped for stronger than average growth over the next decade, business are seeing the Auckland Airport business district as the best place to locate”.

The fourth project was an office building designed by Jasmax, with 4900sq m of space, 1800sq m., which when completed in March 2012 will put Auckland Airport’s current offices in the international terminal up for lease.

The airport has improved its reliance on side-ventures such as retail and property rentals, which made up 39% of its $182.9 million revenue in the six months ended December 31.

The shares fell 0.5% to $1.89 in trading today.

With the coming up of these four projects, Auckland Airport is going to match the airports of Singapore, Hong Kong, Seoul and Dubai in standards and business both.