05-02-2017, 09:29 AM
Interesting...
Quote:Sydney Airport, the operator of Sydney's main Kingsford Smith airport, has declined to develop and operate the proposed second major airport in western Sydney at Badgerys Creek.
"After taking into consideration the feedback from the recent market engagement process and investors, and the outcomes of its own evaluation, Sydney Airport determined that the terms of the Western Sydney Airport notice of intention (NOI) do not meet its investment criteria," the company said in a statement on Tuesday.
The federal government in December ruled out any direct financial support towards the cost of building and operating the proposed $5 billion project, for which Sydney Airport held right of first refusal.