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(generated from captions) the end. Antony Green, many thanks. Thank you. The Minister for Minister for Infrastructure Anthony Albanese has today

released a report into the future aviation needs of

Sydney. He held a media

conference earlier today and we

can bring that to you

independent report initiated now. Today I'm releasing the

the federal and New South Wales Governments into the future aviation needs of Sydney. The

joint study was presented to me

this morning by the secretary

of the department of

infrastructure and transport

Mike Murdach who joins me today

New South Wales Department of and the Director-General of the

Planning and Planning and Infrastructure Sam

Hadad. It's also been to the New South Wales Hadad. It's also been delivered

Government this morning. This

is a substantial piece of work.

It's over 3,2 00

It's over 3,2 00 pages. It's a study into the aviation needs

for the Sydney region and how

that relates to transport and

planning as Sydney grows. Sydney aviation capacity is not

just a study of aviation needs.

This is a substantial report in which the Australian Government

contributed some $8 million and the New South Wales Government

also contributed substantial

amounts for research and

analysis. This study is the

first ever point study between New

New South Wales and Australia governments into these issues.

This morning we've This morning we've also written to premier O'Farrell. I wrote

to premier O'Farrell and have

suggested to him that the secretary of his department

work with the secretary of my

kept along with Infrastructure Australia and infrastructure

New South Wales on advancing this agenda. I have also

Truss from the written to Mr Abbott and Mr

Truss from the federal

South Wales coalition. And to the the New

Opposition offering a full South Wales Leader of the

briefing. There will be a full

briefing available to MPs in

Canberra on the Tuesday when we

days' time. We need to move return to Parliament in 10

towards the next stps but today I want to take the opportunity

to outline some of the key findings in the report. The

first is the site constraints

at Sydney Airport, where the

size and location of the site findings

costs but also real capacity

limitations not just in terms of aviation capacity limitations but also

importantly the land transport

issues around the airport that

are considered in this report.

Secondly, the report goes

in terms of forgone through the costs of inaction

domestic product, also for New in terms of forgone gross

South Wales in particular,

What forgone gross state project.

What it shows this report is

that the economic cost of not

acting is enormous. By the year

2005 the cost to the economy

will be $6 billion. By 2060 it

will be 10 times that. There are enormous costs of as a result of this are enormous costs of inaction

as a result of this not

occurring. The third sitely put

up is the cost in terms of reduced expenditure which shows

that over a period of time if

there isn't action in terms of

a second airport for Sydney,

there are significant economic

costs in terms of jobs and in terms of economic activity. terms of economic activity. The

fourth site I want to show you

is the timing of capacity

issues. The report goes the implications of not acting issues. The report goes through

over a period of time. Right

now, today, there are remaining peak slots, for now, today, there are no

example, remaining for regional

services. What that means is

that if regional services in

South Wales which rely upon Ballina or other parts of New

access to Sydney Airport come

through, then they will, in

terms of the airport, not be

able to deal with that growth. By 2013, that is, next year,

all peak morning slots are gone. Nothing gone. Nothing available for regional, interstate and

international. By 2008 international. By 2008 all peak

morning and all peak afternoon will be at full capacity. will be at full capacity. By

2020, essentially L-top, that

is noise-sharing functions at

the airport, will have a

situation whereby it will only operate early in the morning

and early in the afternoon. and early in the afternoon. By

2027, essentially the airport,

all slots fully allocated. What

this shows is the growth that's

there. The last slide I want to

show you refers to what will

occur in terms of other airport

and the impact on the national cle. It's important to

recognise that in terms of the

international - in terms of the

national economy, because

Sydney is effectively the hub, a delay at Sydney Airport has

an impact right around

an impact right around the

nation. By 2020, the report

shows that a one-hour delay shows that a one-hour delay in

Sydney will delay some 600

aircraft. But that's not the real story.

real story. The real story is

the flow-on impact throughout

the national economy and the cost to productivity. cost to productivity. In

Melbourne 22 flight is a

two-hour delay. In Perth, 24

flights a one-hour flights a one-hour delay and so

on it goes. Essentially as

Sydney Airport reaches its peak already, people who through Sydney already, people who travel through Sydney Airport

regularly will be able to know the fact that the delays, about every single the fact that the delays, just

about every single domestic

plane that operates around the recommendations in the report,

many of which will be many of which will

considered by the national considered by the report of course this morning. government. We've received the

It speaks for 2 sef that it's

3,200 pages and the government