Man charged with murder 14 years after death of Sydney teenager Peter Savage
Trinity Grammar student Peter Savage, 16, was walking along Mills Street at Lidcombe on August 24, 1995, when he was allegedly approached by two males who demanded money.
The men allegedly punched and kicked Peter before stabbing him in the chest and stealing his wallet.
The teenager was left lying on the road to be found by a passer by.
He was rushed to hospital, but died a short time later.
Detectives on Tuesday arrested a 31-year-old man at a Wetherill Park address in Sydney's west.
After questioning he was charged with murder, and robbery in company causing wounding.
The man has been refused bail and is due to face Fairfield Local Court on Tuesday.
It is not the first time someone has been charged over the murder.
In 1996 a murder charge against a 17-year-old youth was dropped on "strong advice" from the Director of Public Prosecutions.
The then attorney-general Jeff Shaw told state parliament the reasons for dropping charges against the youth would remain confidential as investigations continued.
Homicide squad commander Detective Superintendent Geoff Beresford will address media on Wednesday along with one of the murdered boy's relatives in relation to today's arrest.