Sydney Airport's dividend yield is around 5.53% the average bank 7-8% so not a bad earner all fully franked at 30%. Very attractive to the investor. Most Super funds would have a big stake in the airport.
They would be crazy to build Badgerys Creek without government support, think minimum of $1,000,000,000 yeah a billion dollars from federal coffers needed to take the project on.
It should be an interesting few months, they have to decide on their first right of refusal within the next few months.
This is what we get when we privatise assets. The average punter gets screw at the coal face, big business makes money, investors are happy with fat dividend checks, always looking over their shoulders at what cock up the boards will make in the interest of appeasing the politicians.
Craven.