9-Aug-2013 5:03 PM

Brisbane West Wellcamp Airport is a '30 year paypack exercise in our view'

Australia's Wagner Investments chairman John Wagner, developer of Brisbane West Wellcamp Airport, speaking at the CAPA Australia Pacific Aviation Summit, stated (09-Aug-2013) he does not expect a ROI on the in-construction airport in the near future, stating the airport is a "30 year paypack exercise in our view". He said it "makes commercial sense to be in infrastructure business" but "you have to be prepared to take some pain up front". He also said he "doesn't see any major financing issues" with the airport.