THE Australian Government has committed up to $5.3 billion over 10 years in the 2017-18 Budget to build Western Sydney Airport through a new company, WSA Co, and deliver on the government's commitment to ensure the new airport is operational by 2026.
WSA Co will be established early in the 2017-18 financial year with a high quality board and management team, including extensive private sector experience. Once established, it will enter into a comprehensive set of contracts with the government, based on the same terms as were provided to Sydney Airport Group under its Right of First Refusal.
Under the set of contracts, WSA Co will be constructing an airport with a 3.7 kilometre runway and a terminal with capacity for 10 million passengers a year on an approximate 1,780-hectare site at Badgerys Creek.
The first stage of the airport is also expected to include cargo facilities, maintenance areas, a public transport hub, car parking and areas set aside for business parks.
With construction set to commence by the end of 2018, a tender for enabling works is expected to be issued before the end of 2017. WSA Co will also conduct a procurement process to select a private sector construction company or consortium, most likely under a design and construct contract, for the main construction works.
When the proposed airport opens it is expected to service around five million passengers a year – about the number of passengers that use Gold Coast Airport today. After around five years, this could grow to 10 million passengers each year.
The proposed airport is expected to be progressively developed as demand increases beyond 10 million passengers a year. The need for a second parallel runway would be triggered when demand approaches 37 million passengers annually, which could occur around 2050.