Private investors elbowed out of Oz mega projects

Private investors have been excluded from building Sydney’s second international airport, raising questions about who should build large-scale infrastructure projects.

Private investors elbowed out of Oz mega projects

Infrastructure investors in Australia are disappointed by the federal government’s decision to bypass a competitive tender process in favour of building a A$6 billion second international airport in Sydney on the public purse.

The project has been on the country’s agenda for four decades and has remained in the too-hard basket due to rail access issues and concerns about whether it could attract enough airline traffic to make it viable.

Such large-scale...

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