SYDNEY: Building a new A$5bil (US$3.86bil) airport in Sydney is not economically feasible without government aid, the operator of the existing airport in the Australian city said on Thursday, raising doubts about its likely participation in the project.
“On the present terms, it is a deeply uneconomic investment proposition,” Kerrie Mather, chief executive of Sydney Airport Holdings Ltd, said at an earnings briefing, referring to the airport proposed to be built in the western outskirts of Australia’s largest city.
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