Paul Fletcher MP

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It makes sense for the taxpayer to build and be the first owner of such projects

The Turnbull government has announced it will build and own Western Sydney Airport, rather than Sydney Airport Group or another private sector company.

The Turnbull government has committed to constructing Sydney's $5 billion-plus airport at Badgerys Creek and left the door open to the private sector running it once the first flights begin in less than a decade.

Confirmation of the government's intentions come after Sydney Airport turned down its "right of first refusal" to build and operate Western Sydney Airport because of the "considerable risks" it would bear for decades.

Thursday, 04 May 2017 16:14

Herald Sun - Competition gets airborne

GOOD. Infrastructure minister Paul Fletcher is to be very profoundly congratulated for staring down the extraordinarily greedy Macquarie-led - or is that repeating myself? - Sydney Airport Corporation and committing the federal government to build the second Sydney airport.

It will cost $6 billion. That will most decidedly be some of treasurer Scott Morrison's 'good debt.' In any event it will be spread over the next 10 years or so, and at around $600 million a year essentially insignificant in the bigger budget scheme of things.

Airline giants have swung behind Sydney’s proposed $6 billion second airport as driving “healthy" competition for airport charges but have insisted the new site must be able to operate 24 hours a day.

Carriers said the government’s move to build the project would deliver certainty around the development of the project. Industry sources also said that creating a rival for Sydney airport — having an independent operator at western Sydney airport — could lead to competitive prices and services.

The Turnbull government has committed to building Sydney’s second airport.

It made the decision after Sydney Airport Group, the owner of Sydney airport, declined the government’s offer to build the new airport at Badgerys Creek in the western suburbs.

The construction of a second major airport in the Sydney area is imperative not just for the nation’s premier city but for the economic development of the entire country.

The existing KingsfordSmith Airport at Mascot accounts for one in every five aircraft movements in Australia and almost half of the nation’s international arrivals. Demand for aviation services continues to increase.

The new Western Sydney Airport will eventually target business travellers as well as budget travellers and will not just be a low-cost terminal, says Urban Infrastructure Minister Paul Fletcher.

Qantas chief executive Alan Joyce warned the new airport needed to be "lower cost than Kingsford Smith" and operate 24 hours a day to justify shifting its Jetstar operations to Badgerys Creek "There's no incentive for us to move Jetstar's operations if if s more expensive or the same cost," Mr Joyce told Macquarie's Australia conference in Sydney, adding some airports were high-priced 'Taj Mahals".

Thursday, 04 May 2017 15:26

The Australian - Airport Takes Off

Urban Infrastructure Minister Paul Fletcher has delivered the western Sydney airport project at a total cost of $5.5bn, and thankfully it will not be controlled by Sydney Airport.

The Howard government had previously erred by granting Sydney Airport the first right of refusal over the second airport, which on any competition ground was just plain dumb.

QANTAS and construction giant Lend Lease are eyeing opportunities in the new Badgerys Creek airport development, after Malcolm Turnbull moved to take control of the long-overdue project yesterday.

The Prime Minister acted after Sydney Airport Corporation passed up the chance to build and operate the new airport, which is poised to unlock billions of dollars of investment across Sydney’s west. Qantas boss Alan Joyce yesterday flagged moving Jetstar’s operating base from Kingsford Smith to Badgerys Creek, after it opens in 2026, saying Kingsford Smith could act as a "premium airport" and Badgerys Creek as a "low-cost" option.

The Turnbull government will deliver record infrastructure spending in next week's budget, following confirmation it will go it alone and build Sydney's $6 billion second airport with a promise to have construction tenders finalised by the end of the year.

Sydney Airport Group yesterday rejected the offer to take on the project, under its first right of refusal, claiming it could not make the project fly financially.

Authorised by Paul Fletcher MP, Level 2, 280 Pacific Highway Lindfield NSW 2070.

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