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25 Apr, 2012

Australia Provides Financing “Security” for Airports Development


24 April 2012, (Minister for Infrastructure & Transport) – The Federal Labor Government has today announced that all federally leased airports will be offered the protection of a Tripartite Deed, giving them greater certainty in securing financing for infrastructure developments. The following statement was issued by Minister for Infrastructure & Transport Anthony Albanese:

Last year, we agreed to extend existing tripartite deeds for 12 major airports by another 30 years, removing an obstacle to airports’ planned investment of up to $9 billion to expand and modernise their facilities.

Following representations from industry, we will now offer the protection of Tripartite Deed to the remaining nine federally leased airports on the same terms as the other major airports.

The nine airports to be offered these deeds are Parafield, Archerfield, Tennant Creek, Camden, Essendon, Mount Isa, Jandakot, Moorabbin, and Hobart.

Over the past decade Tripartite Deeds have clarified the rights of financers in the event an operator of a federally leased airport, to which they have lent money, goes out of business or loses its operating licence. These deeds has given financiers the confidence to invest, and operators the certainty to plan for the long term.

Today’s announcement puts all federally-leased airports on a level-playing field when it comes to securing financing for major infrastructure developments and upgrades on airport land.

Our airports are engines of economic growth, directly supporting more than 50,000 jobs and contributing $5 billion to national income every year.

Over coming months, my Department will work with all airport operators and their financiers to finalise these arrangements.

Aviation Security Grants For Small And Remote Australian Tourist Destinations

Joint release by Minister for Infrastructure & Transport Anthony Albanese with Patrick Conlon, Minister for Transport and Minister for Infrastructure – South Australia.

24 April 2012  – The Federal Labor Government will provide grants of up to $110,000 to airlines flying to small and remote tourism destinations like Kangaroo Island to help them get ready for new, increased aviation security measures. From July 1 this year, the Government will require a number of regional airports to have security screening of passengers and baggage for the first time.

We recognise that many small and remote airports cannot afford the purchase and upkeep of screening equipment, especially when their only traffic is infrequent flights run by regional airlines for tourism or fly-in-fly-out mining operations .

That is why we will help eligible tourism operators and regional airlines purchase small portable passenger screening kits that can be carried on board and used at remote locations where screening would not otherwise be available.

This is a practical, common sense solution. This is about supporting tourism and jobs in regional Australia and making sure our airports meet the highest security standards. It means tourists, miners and others can keep flying to remote places like Kangaroo Island, Lake Eyre, Coober Pedy, Birdsville, King Island, Bourke, and Broken Hill.

The introduction of screening technology is being funded by the Federal Government’s $200 million Strengthening Aviation Security Initiative. The safety and security of more than 130 million passengers every year is the Government’s highest priority.