Sydney Airport Link

Overview

·        Concession to operate four Sydney train stations:

–     Green Park

–     Mascot

–     Domestic Terminal

–     International Terminal

·        Patronage risk mitigated through revenue sharing agreement with RailCorp

·        23-year concession remaining upon purchase

·        Purchased from receiver in July 2006

·        Total financing cost c.$255 million

·        Initial investment c.$35 million

Project Update

·        Airport Link continues to trade well above allotment case

·        Marketing and service level initiatives continue successfully

·        Continued increase in market share supports increase in patronage

For more information please visit the Sydney Airport Link website.