Australian Transport and Infrastructure Minister, Anthony Albanese, has delayed a decision on the proposed site for a second airport, to relieve capacity constraints on Sydney Airport, until 2011.
The government today published its aviation White Paper, which rules out the use of the Badgerys Creek site for the city’s second airport. A taskforce will be appointed to find an alternative site in Southwestern Sydney. A report is due in mid-2011 – well after the next Federal election.
MAp’s shares surged 4.1% yesterday.
Selected airports daily share price movements (% change): 15-Dec-09