Risk Analysis and Mitigation Project

Risk analysis and Mitigation
Project

TABLE OF CONTENTS
PART A: PROJECT OVERVIEW .................................................................................................3
Overall Budget for the project.....................................................................................................3
Social and economic rationale....................................................................................................3
Key Statistics...............................................................................................................................4
Funding Mechanism....................................................................................................................5
Key Stakeholders of the project..................................................................................................5
PART B: RISK ANALYSIS............................................................................................................5
Risk Analysis..............................................................................................................................5
PART C: RISK MITIGATION PLAN............................................................................................8
Risk mitigation plan for identified risks......................................................................................8
REFERENCES..............................................................................................................................10

PART A: PROJECT OVERVIEW
Western Sydney International Airport is the Australia's second site for the Sydney airport
which is located in suburb of Badgerys Creek. This airport is to be planned to have a curfew free
operations. The construction of this airport began in 24th of September in 2018 and is expected to
get completed in December 2026. The site of this airport is officially designed by the Federal
Government 2014 and has a great debate on the location of 2nd airport in Sydney. The site of the
location of the airport lies 13 Kilometres away from south of Penrith CBD and 7 kilometres of
Blue Mountain National Park. The Federal Government of Australia has claimed that it is the
important project for Australia and also claimed that its initial stage of construction phase is
expected to generate more than 4,000 jobs and after the development of airport 34,000 jobs will
generated by 2035. The construction of airport is legislated through the Commonwealth
Government Airport Act 1996 and is named as Sydney Airport under this act.
Overall Budget for the project
In order to get the job of delivering the Western Sydney Airport and establishing WSA
Co in order to develop the entire project and for this Government is providing an equity
investment of $5.3 billion in to the WSA Co fund. The construction has started in late 2018 and
on its completion this airport will have the capacity for 10 million passengers and will also have
a 3.7 Km runway (Facts and benefits, 2019.). Australian Government and New South Wales are
investing $3.6 Billion on the major infrastructure upgrades in order to connect Western Sydney
Airport with Western Sydney to support growing population and this will be done trough
Western Sydney Infrastructure Plan. The entire budget of this project was announced in 2017-
2018 budgeting plan and also announced the investment of $5.3 billion in the project.
Social and economic rationale
One of the major benefit of this project will be for the local population of Western
Sydney as this project has already generated 4,000 jobs in its initial investment and after its
completion it is estimated that airport will offer more than 35,000 jobs by 2035. In long term
proposed airport would result a great economic benefits for Western Sydney and wider region
and in 2063 proposed airport could generate additional value of $5.8 billion and approximately
$1.5 billion of this value-add will be generated in Western Sydney alone. Its benefits will extend
to the employees and businesses in this sector like trade, transport, construction, retail, utilities,

tourism and hospitality sector, administration and professional services (Mignan and et.al.,
2015). So, these benefits will also have effects on the individuals which will increase house hold
income and will give greater access to opportunities for employment.
Key Statistics
The size of Western Sydney Airport is approximately 1,780 hectares which is twice the
size of Sydney Kingsford Smith Airport site. The site of the airport is preserved for the
development for nearly about the developments of 30 years. The planning for this airport has
ensured that there will be the best use for the site for the airport with minimising its impacts on
the surrounding areas and it is also in the plan that land will be preserved for the long term
growth of the airport. In Australia Western Sydney is one of the fastest growing region and
culturally diverse and is home for more than half of the Sydney population. So, this airport can
prove beneficial for the people and for the government too. This project will also help in meeting
the growing needs of the population and will result in the economic growth. The total budget
which have been invested in the project by the Federal Government is $5.3 billion for the airport
and $5.7 billion for Wilton and $1.7 billion for transport links to Badgerys Creek. The cost of
international terminal is estimated to be $1,812 million, costs for domestic terminal will be $583
million, car parking costs will be $202 million, project management and design $707 million and
costs for runways and taxiways will be $551 million approximately. The construction of Western
Sydney has started in September 2018 and will be set to open in December 2026 which is the
estimated time line for the project. The cost for the initial development is estimated to be $2.4
billion and it is believed that initial phase of the project will include only one runway and there
are various key elements for this project like road connections in order to link the airport with
surrounding areas which includes up-gradation of Northern Road to a minimum four lanes and
up-gradation of Bringelly Road to a minimum of 4 lanes between Camden Valley Way and
Northern Road. Another key element is Rail connection, it was released in the final report in
March 2018 that two lines of railway connects will serve the airport one is East-West link from
Parramatta to Badgerys Creek Aerotroplis and another link is North-South Link from Schofields
to Macarthur. The long-term development at the site of airport will have a set of impacts on the
environments which may include:
 Edge effects may result in the reduction of the habitat quality and quantity for fauna and
flora in the adjacent areas.