Nigel C
4th June 2008, 05:50 PM
From the Sydney Airport website.
New Report Confirms Record Economic Impact
A new report has confirmed Sydney Airport's role as one of the State's major job generators and engine room of economic activity, contributing billions of dollars annually to Sydney households and the NSW economy.
The Economic Impact of Growth at Sydney Airport was prepared by URS Australia for Sydney Airport and updates the findings of a study undertaken in 2002. It also predicts that the economic importance of the airport is set to grow as the number of passengers increases over the next decade.
The Report estimates that Sydney Airport's contribution to direct employment – full time and part time – is 75,580 jobs, plus indirect employment of 130,550. That's a total of 206,130, an increase of more than 20% from the 170,000 jobs reported in the 2002 study.
Expressed as full time job equivalents, this represents a direct 44,389 jobs plus a further 75,774 indirect jobs for a total of 120,162.
Around 650 businesses and other organisations operate in and around Sydney Airport, relying on the airport to generate jobs and incomes. The activities are varied and include airlines, aircraft maintenance, air traffic control, cargo terminals, car rental and parking, ground transport such as rail, taxis and buses, freight forwarders, fuel services, ground handlers, hotels, in-flight catering, cleaning, maintenance, security, retail operators, and government functions such as customs, immigration, quarantine and policing.
The CEO of Sydney Airport, Russell Balding, said that airports are essential to the transport networks that all successful modern economies rely on.
"Sydney Airport is Australia's national gateway. It handles about 46% of all international passengers and around $36 billion of airfreight each year. It connects Sydney to other cities and regions across Australia and provides access to all the benefits of the global aviation network.
"The airport underpins our vitally important tourism, events and conference industries and creates jobs and economic growth for Sydney and NSW. International air services are also an essential factor for the high value service industries of education, finance, legal services and commerce business as they provide access to new customers, markets and opportunities," Mr Balding said.
Other key findings from the study are:
Sydney Airport's annual contribution to NSW's Gross State Product is estimated to be $16.5 billion, up from $13 billion in 2002
The contribution to family and household income is estimated now to be $7.4 billion, up from $6 billion in 2002
The economic activity generated by Sydney Airport is equivalent to 6% of the NSW economy and 2% of the Australian economy
http://www.sydneyairport.com.au/SACL/Corporate+Information/Media+Centre/New+Report+Confirms+Record+Economic+Impact.htm
New Report Confirms Record Economic Impact
A new report has confirmed Sydney Airport's role as one of the State's major job generators and engine room of economic activity, contributing billions of dollars annually to Sydney households and the NSW economy.
The Economic Impact of Growth at Sydney Airport was prepared by URS Australia for Sydney Airport and updates the findings of a study undertaken in 2002. It also predicts that the economic importance of the airport is set to grow as the number of passengers increases over the next decade.
The Report estimates that Sydney Airport's contribution to direct employment – full time and part time – is 75,580 jobs, plus indirect employment of 130,550. That's a total of 206,130, an increase of more than 20% from the 170,000 jobs reported in the 2002 study.
Expressed as full time job equivalents, this represents a direct 44,389 jobs plus a further 75,774 indirect jobs for a total of 120,162.
Around 650 businesses and other organisations operate in and around Sydney Airport, relying on the airport to generate jobs and incomes. The activities are varied and include airlines, aircraft maintenance, air traffic control, cargo terminals, car rental and parking, ground transport such as rail, taxis and buses, freight forwarders, fuel services, ground handlers, hotels, in-flight catering, cleaning, maintenance, security, retail operators, and government functions such as customs, immigration, quarantine and policing.
The CEO of Sydney Airport, Russell Balding, said that airports are essential to the transport networks that all successful modern economies rely on.
"Sydney Airport is Australia's national gateway. It handles about 46% of all international passengers and around $36 billion of airfreight each year. It connects Sydney to other cities and regions across Australia and provides access to all the benefits of the global aviation network.
"The airport underpins our vitally important tourism, events and conference industries and creates jobs and economic growth for Sydney and NSW. International air services are also an essential factor for the high value service industries of education, finance, legal services and commerce business as they provide access to new customers, markets and opportunities," Mr Balding said.
Other key findings from the study are:
Sydney Airport's annual contribution to NSW's Gross State Product is estimated to be $16.5 billion, up from $13 billion in 2002
The contribution to family and household income is estimated now to be $7.4 billion, up from $6 billion in 2002
The economic activity generated by Sydney Airport is equivalent to 6% of the NSW economy and 2% of the Australian economy
http://www.sydneyairport.com.au/SACL/Corporate+Information/Media+Centre/New+Report+Confirms+Record+Economic+Impact.htm