The Australian Government has officially signed over the Western Sydney Airport site to WSA Co Limited (WSA Co) for earthworks to begin transforming the site in late 2018.
The granting of the Airport Lease formally provides WSA Co with the right to build and operate Western Sydney Airport, allowing WSA Co to begin construction and deliver a world-class airport for Western Sydney.
The Australian Government will work closely with WSA Co to ensure the development of the airport stays on schedule and that WSA Co continues to meet its regulatory obligations. The Government will maintain responsibility for airspace and flight path design, and biodiversity conservation.
WSA Co was incorporated on 7 August 2017 as a wholly Commonwealth owned company. The Australian Government has committed to investing up to $5.3 billion in equity in WSA Co to build Western Sydney Airport, a full-service international, domestic and freight airport.