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Privatisation of airports should accompany PM's statement



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JULIAN BEALE, M.H.R. Federal Member for Bruce Shadow Minister for Privatisation

M E D IA R E L E A S E

- PRIVATISATION OF AIRPORTS SHOULD ACCOMPANY PM's RTATKMKNT

The sale of Australia's major airports into the private sector should accompany the Prime Minister's expected announcement to start construction of Sydney Airport's third runway the Federal Member for Bruce and Shadow Minister for Privatisation, Julian

Beale, said today.

Canberra sources expect the Prime Minister to make an

announcement on Sydney's third runway this week.

This follows a Labor Caucus Committee recommendation to begin work on the runway.

A huge opportunity to increase tourist revenue and reduce Australia's foreign debt is now open to the Federal Government.

The construction work should be complemented by the privatisation of Government owned airports.

A Victorian consortium has already approached the Federal and State Governments about the sale of Melbourne Airport.

The Federal Government and the Federal Airports Corporation lack the capital funds to develop a world class international facility in Sydney.

The Federal Airports Corporation has starved Melbourne Airport of adequate development funds.

To compete for a larger share of the world's tourist market, Australia must privatise its airports.

P56/91

10 November 1991

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