Melbourne Airport has announced they’ve been granted approval to build a third runway, which is set to open in 2031.

The Federal government’s endorsement has paved the way for the much-needed addition to be built.

Melbourne Airport CEO Lorie Argus said passengers would see reduce flight delays once the extra runway opens.

Click PLAY to hear more about how the new runway will change our experience at Melbourne Airport

“The biggest (difference) you’ll notice is better on time performance,” she said on 3AW Mornings.

“Right now we have a lot of congestion because we are nearing capacity.”