Sydney Airport won't make a decision on whether to take up its right to construct a second airport at Badgery's creek until 2016.
Chief executive Kerrie Mather told the company's annual general meeting the federal government had indicated it would have Sydney Airport will wait until 2016 to decide whether to use its option to build the city's second international airport.
Chief executive Kerrie Mather told the company's annual general meeting the federal government had indicated it would have a formal proposal on the planned airport in Sydney's west by the end of 2015.
A nine-month consultation period between Sydney Airport and government ends on June 30, after which the government will work on a proposal that sets out the terms for the development and operation of the airport.
After that, Ms Mather said Sydney Airport, which has first right of refusal to develop and operate the airport, would then have up to nine months to decide whether to go ahead with the project.
"On the basis of this timetable a decision would be required from Sydney Airport either four or nine months later, so some time in 2016," she said.
Meanwhile, Sydney Airport said it would pay shareholders a 12.5 cent dividend per stapled security for the six months to June 30 and confirmed its full year guidance distribution of 25 cents per security. formal proposal on the planned airport in Sydney's west by the end of 2015.
She said Sydney Airport, which has first right of refusal to develop and operate the airport, would then have either four or nine months to decide whether to go ahead with the project.
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