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Sydney Airport

( ASX:SYD ) - Transportation

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Govt Puts Second Airport In Sydney’s Court

Sydney Airport (SYD) has been placed in a quandary after the Commonwealth government set out the terms for development of the second Sydney airport at Badgery’s Creek in its notice of intention (NOI). The main change to expectations is that there is no federal funding involved in the NOI, placing the investment decision squarely on SYD, which has first right of refusal.

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