A Second Sydney Airport Could Benefit Australian Economy
A second airport may be what the country needs to contribute to economic growth, says a business group based in Sydney. Existing plans are in place to increase the annual number of passengers to 74 million by 2033.
The 20-year plan involves integrating international and domestic terminals. The current passenger count goal is lower than previous plans of 79 million passengers by 2029. In 2012, the Sydney airport accommodated 37 million passengers. According to the Sydney Business Chamber, the second Sydney airport idea must be considered.
The Sydney Airport already has a plan for the aviation services of Sydney but to encourage more growth, a second Sydney airport must be planned right away. Badgery's Creek is a potential site for a second Sydney airport.
The forecast number of passengers behind the second Sydney airport plan is a positive sign for overall economic growth. The proposed second airport plan would be a great opportunity for the creating new business and job opportunities for Australians.
Tourism boost
Australia has a $100 billion industry, but the global financial crisis has resulted in many Australians going abroad and leaving the industry struggling. Tourism data shows a declining number of foreign travelers. Aggressive prices of airlines saw the declining profits of the tourism industry.
Australia is in the middle of a mining boom, causing labor shortages in the tourism industry. The opening of a second Sydney airport would bring in more tourists in the years to come. Australia is currently ranked as the 42nd most visited nation in the world. The number of visitors could increase in the coming years when there is a second facility to accommodate more tourists.
Investments in infrastructures for Australian tourism suggest a strong growth based on a report from Tourism Research Australia (TRA). According to the data released today, tourism investment increased by 22 per cent in 2012 at $44 billion.