The Australian government is to develop a second airport for Sydney after Sydney Airport Holdings, the operator of the existing airport, passed up its right to build the new airport, claiming poor returns expected.
“The risks associated with the development and operation of Western Sydney Airport (WSA) are considerable and endure for many decades without commensurate returns for our investors,” said a statement from Sydney Airport MD, Kerrie Mather.
Details of the government’s plans will be announced in this week’s federal budget.
