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The Airport Link Company was put up for sale in early 2006, and was purchased by Westpac. [19] In 2009, the business made a profit of A$5.8 million which increased to A$9.3 million in 2010. [20] [21] In 2013, Westpac's 49.9% stake was purchased by Universities Superannuation Scheme (USS), who then took control of the Airport Link Company. [22] [23]
Construction began in February 1995, with the tunnel and the Airport Link stations opening on 21 May 2000. [1] In 2001, the Airport Link Company was placed in receivership after defaulting on its finance arrangements, with patronage figures only one quarter of forecasted figures, exposing the government to costs of around A$800 million.
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The Airport Link consistently failed to meet patronage targets. In 2000, the Airport Link Company went into receivership, exposing the government to costs of around $800 million; it was put up for sale in early 2006. [8] State Rail blamed "lower than expected patronage" and stated it was working with the company to increase it. [9]
International Airport is a train station located on the Airport Link, serving Terminal 1 at Sydney Airport, Australia. Terminals 2 and 3 are served by Domestic Airport station. The line is operated by Sydney Trains with T8 Airport & South Line services.
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Printable version; In other projects Wikimedia Commons; Wikidata item; ... Pages in category "Airport Link, Sydney" The following 9 pages are in this category, out of ...
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