Interesting Cap ?
You are kidding - are you not ?
No mate, this announcement is entirely as expected.
The key is in the requirement "to develop", and "the federal government in December (2016) ruled out any direct financial support towards the cost of building and operating the proposed $5 billion project".
That costs money up front - lots and lots of it - and with no effective return on that for years and years and years.
They only "invest" for a "cash flow - NOW"
They (and everyone else in the "investment world") want the TAXPAYER to to stump up the initial outlays to "develop" the facility, so that they can subsequently "milk it" when it is opearional.
Sinking the massive amounts of money needed to build an airport from scratch "do not meet its investment criteria" of any of these groups.
The "creek" will never be built, unless some Federal Government pays for it, i.e. us, the taxpayer, because no one in the "investment industry" ever will.
This is how PRIVATISATION works mate.
How many examples do you want of healthy "INFRASTRUCTURE in being" that was built up by the taxpayer, being "sold off" and then allowed to progressively "run down" to the point of near collapse, due to "non-ongoing investment" (which detracts from "profits", and most importantly - "bonuses".
That is the "standard operating procedure" for "investment hawks".
You want them to change their spots ?
You want them to actually sink massive amounts of money up front ?
Why would they, when they "know" that sooner or later, the government (of the day) "eventually will", when it becomes so desperate at YSSY, that they simply "have to" ?
No, it is "a waiting game" for them.
No - the "investment hawks", have given the Government the "missed approach" routine mate.
"Maintain runway heading - climb back up into cooko land - and think again (snigger - snigger)".
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STOP PRESS !!!
(Edited in at 01:30 UTC)
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Surprise - Surprise - NOT !!
Details of the Turnbull Government’s plan to build Western Sydney Airport will be announced by the Treasurer in the Budget next week.
https://www.malcolmturnbull.com.au/media...ey-airport
Consultation meetings with Sydney Airport Group were conducted in an atmosphere of good faith.
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You are kidding - are you not ?
No mate, this announcement is entirely as expected.
The key is in the requirement "to develop", and "the federal government in December (2016) ruled out any direct financial support towards the cost of building and operating the proposed $5 billion project".
That costs money up front - lots and lots of it - and with no effective return on that for years and years and years.
They only "invest" for a "cash flow - NOW"
They (and everyone else in the "investment world") want the TAXPAYER to to stump up the initial outlays to "develop" the facility, so that they can subsequently "milk it" when it is opearional.
Sinking the massive amounts of money needed to build an airport from scratch "do not meet its investment criteria" of any of these groups.
The "creek" will never be built, unless some Federal Government pays for it, i.e. us, the taxpayer, because no one in the "investment industry" ever will.
The "point" of the "announcement" is to tell the goovernment just that.
![[Image: attachment.php?aid=303]](http://auntypru.com/forum/attachment.php?aid=303)
We will not build it. Â
If you want it, you build it.
(Then, when it's ready to open, you can "give" it to us to "operate" (for "a song" of course - thankyou very much !).
We will not build it. Â
If you want it, you build it.
(Then, when it's ready to open, you can "give" it to us to "operate" (for "a song" of course - thankyou very much !).
This is how PRIVATISATION works mate.
How many examples do you want of healthy "INFRASTRUCTURE in being" that was built up by the taxpayer, being "sold off" and then allowed to progressively "run down" to the point of near collapse, due to "non-ongoing investment" (which detracts from "profits", and most importantly - "bonuses".
That is the "standard operating procedure" for "investment hawks".
You want them to change their spots ?
You want them to actually sink massive amounts of money up front ?
Why would they, when they "know" that sooner or later, the government (of the day) "eventually will", when it becomes so desperate at YSSY, that they simply "have to" ?
No, it is "a waiting game" for them.
No - the "investment hawks", have given the Government the "missed approach" routine mate.
"Maintain runway heading - climb back up into cooko land - and think again (snigger - snigger)".
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
STOP PRESS !!!
(Edited in at 01:30 UTC)
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Surprise - Surprise - NOT !!
The Turnbull Government today confirmed that it will build Western Sydney Airport.
Note that "it" means us the long suffering taxpayer
Note that "it" means us the long suffering taxpayer
Details of the Turnbull Government’s plan to build Western Sydney Airport will be announced by the Treasurer in the Budget next week.
https://www.malcolmturnbull.com.au/media...ey-airport
Consultation meetings with Sydney Airport Group were conducted in an atmosphere of good faith.
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