Govt extends investor-friendly deeds to small airports

written by australianaviation.com.au | April 24, 2012
Melbourne's Moorabbin Airport and eight other small airports will be eligible for the same tripartite deeds as Australia's major airports. The deeds are designed to encourage investment.

The federal government will extend tripartite deeds to all airports on public land in a bid to attract financing for future development.

The deeds – deals between the government, airports and financiers – help attract investors by giving financiers a stake in case airports go out of business or lose their operating licence. The government last year extended by 30 years the tripartite deeds covering 12 major airports, clearing the way for planned investment of up to $9 billion.

Yesterday, Federal Transport Minister Anthony Albanese said the government would offer the deeds to the remaining nine airports on land leased from the government – Hobart, Parafield, Archerfield, Tennant Creek, Camden, Essendon, Mount Isa, Jandakot, and Moorabbin.

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“These deeds have given financiers the confidence to invest, and operators the certainty to plan for the long term,” Albanese said. “Today’s announcement puts all federally-leased airports on a level-playing field when it comes to securing financing.”

Albanese said the government would work with airport operators and their financiers to finalise the deeds over the coming months.

 

 

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