Sydney takes first step in new duty free contract
The contract is Australia's largest duty free contract and is a significant business from a global perspective.
Interested parties are being asked to register their interest by 7 December 2005. Selected parties will then be issued with a Request for Proposal document in February 2006 for response by April 2006. A decision is targeted for June 2006 with the new contract starting in November 2006.
Max Moore-Wilton, Executive Chairman & CEO of SACL said this is a premier duty free contract that will no doubt be attractive to local and global players in the duty free business.
Sydney Airport has a number of significant attributes that makes this a very attractive business. In FY 2005 Sydney Airport handled 26m passengers including 9.2m international passengers, the latter up 8% on previous year.
Sydney Airport is planning a $200 million upgrade of its international terminal through its State of the Art Renewal (STAR) program. The STAR program will deliver a single, centralised outwards processing zone which will direct all passengers through the airside retail facilities. A substantial duty free walk through store with 100% market exposure will be a key feature of the new space. A series of satellite duty free stores will also be developed.
"These changes are designed to ensure that Sydney Airport's duty free shopping will be the most exciting and value for money shopping experiences in the world," Mr Moore-Wilton said.