The future of the second stage of the Parramatta Light Rail has been locked in with more than $2 billion to be tipped into it over the next five years.
Granted under round two of the Growing Regions Program, the Federal Government funding will allow the airport to modernise its runway lighting and electrical systems, as well as build a new operations office to house critical operational infrastructure.
The Australian Financial Review has reported Anchorage Capital Advisors, which has in the past recapitalised businesses such as Slater & Gordon and Alinta Energy, was among the firms that bid on Rex before binding offers closed last week.
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