Sydney airport has refuted claims by Australia's Commonwealth Bank that the airport will reach its capacity limitations by 2025.
The airport says that the Commonwealth Bank analysis is flawed because it assumes that there will be no changes in the airport's current configuration.
The Commonwealth Bank had said that without significant investment in a new runway and terminal capacity, Sydney airport would exceed its capacity limit in 2025 instead of 2045 as claimed. The analysis was based on the benchmarking of Sydney against Beijing Capital International Airport.
The airport counters that it has invested over A$2 billion ($2.11 billion) in the last 10 years to increase capacity, and that it is in consultations with stakeholders on a new vision concept plan, announced in 2011, that will "unlock additional capacity and drive greater efficiency for airlines and passengers".
It adds, however, that operational restrictions, including a night curfew and a cap of 80 aircraft movements per hour, are keeping the airport underutilised.
"Australia and Sydney would benefit from a fresh look at policies that better reflect the growth in larger, greener and quieter aircraft to replace the existing regulatory settings that were made close to 20 years ago and haven't kept pace with these changes," says the airport.
The Australian government has stated that Sydney will need to have a second airport operational by 2045 when it is projected that the current airport will reach capacity. It has also said that it does not plan to lift the restrictions, which address noise complaints from residents close to it, on the airport.