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Sydney Airport Limited (ASX:SYD) and the NSW Government have outlined plans to jointly invest almost $500 million to improve traffic flow in and around Sydney Airport. 

 

The move is part of a suite of ground transport solutions and airport facility upgrades aimed at minimising congestion and improving the arrival and departure experience.

 

Works are expected to facilitate improved traffic flow around the airport and to Port Botany and future growth and access to the airport. The changes are also hoped to improve the movement of rail freight and access to the airport, Mascot and the eastern suburbs.  

Sydney Airport CEO Kerrie Mather says the key priority is to improve the passenger and airport user experience and support continued tourism and travel growth. 

The company advises more than 150,000 people currently travel to and from the airport every day and an annual amount of 74 million passengers are forecast by 2033. 

 

Sydney Airport reported a net profit of $47.1 million in the full 2013 calendar year.