The Australian Government has officially signed over the Western Sydney Airport site to WSA Co Limited (WSA Co), the company established to build the airport.
Yesterday’s announcement marks significant progress towards the Government’s commitment of delivering Western Sydney Airport by 2026.
More importantly, the official handover also paves the way for earthworks to begin transforming the site later this year.
The granting of the airport lease formally provides WSA Co with the right to build and operate Western Sydney Airport.
The lease also allows WSA Co to begin construction and get on with the job of delivering a world class airport for Western Sydney.
“The Australian Government will work closely with WSA Co to ensure the development of the airport stays on schedule and that WSA Co continues to meet its regulatory obligations,’’ says infrastructure minister Paul Fletcher, who released details of the granting of the airport lease to WSA Co.
WSA Co was incorporated on August 7 last year as a wholly Commonwealth owned company.
The Australian Government has committed to investing up to $5.3 billion in equity in WSA Co to build Western Sydney Airport, a full service international, domestic and freight airport.
WSA Co Limited set up its administration headquarters in the central business district of Liverpool last November.