Why do they need funding.
The airport will be in decline and cuts by 2 or 3 airlines.
Erm...that's probably why they need funding.
I don't know about 40 routes but 1m passengers is certainly achievable in time given that they're at about 700k for 2014.
Some funding plus not having a debt bill hanging over them would hopefully allow them to retain and establish the marginal routes they are currently losing. If they could somehow get themselves into a position where they could drop the development fee that would lead to an inevitable upsurge in passenger numbers.