Efficient infrastructure is integral to rebuilding the economy beyond the pandemic but cannot come by excessively focussing on the needs of infrastructure owners at the expense of the users, ACCC Chair Rod Sims said today.
Mr Sims was speaking at the Australian Financial Review’s National Infrastructure Summit on competition issues in infrastructure and changes since COVID-19.
Australia’s four major airports have continued to report increasing levels of joint profits from aeronautical activities, according to the ACCC’s annual Airport Monitoring Report, released today.
Brisbane, Melbourne, Perth and Sydney airports collectively earned $863.5 million in operating profit from aeronautical activities in 2018-19, up 3.6 per cent. This result was achieved despite weaker passenger growth and a drop in domestic passenger numbers at Sydney Airport.
ACCC Chair Rod Sims addresses the Australasian Transport Research Forum on the ACCC’s perspectives on a number of transport issues, in particular the importance of having the right regulatory frameworks in place to ensure transport infrastructure projects serve the interests of the community.
ACCC Chair Rod Sims delivers a welcome address to the ACCC & AER Regulatory Conference. Mr Sims reflects on the history of the conference as well introducing some of the ACCC’s current views on the state of economic regulation in Australia.
Profits at three of Australia’s four biggest airports continued to grow during 2017-18, while the quality of service rose, according to the ACCC’s annual Airport Monitoring Report, released today.
Combined operating profit from aeronautical activities at Sydney, Melbourne, Brisbane and Perth airports stood at $820.1 million for the year, up 6.2 per cent.