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Finance, Strategy, Business Development and Risk

Domain Objective: “Embed a commercially-driven, cost-conscious approach, and understand and manage key risks by implementing strategic and innovative initiatives.

We met our target of maintaining expenditure within budget and also began exploring revenue opportunities from aeronautical and non-aeronautical sources. To help us understand requirements and preferred designs for the Airport’s facilities, we began engaging with potential airline partners.

Regular meetings have also commenced with the cargo and freight community, including freight forwarders and industry bodies, to establish a collaborative relationship and to share design and operational parameters. We began engaging with ground handlers, catering, and maintenance, repair and overhaul (MRO) providers to understand their needs.

The majority of WSA’s landholding is reserved for Airport infrastructure as part of current and future stages of the project. With Architectus, we began planning a business park at the Airport rail station while preserving land for future works including terminal expansion and a second runway.

The Company’s Risk Management Framework provides the overarching policy direction for the role of risk management within WSA. It outlines the foundation and organisational arrangements for implementing, monitoring, reviewing and continually improving risk management across the Company. We reviewed and updated the framework, taking into consideration best practice from across the industry and findings from internal audit.