Originally Posted by
Hussar 54
Pardon my ignorance, but if Gatwick say they can produce another runway with zero-cost to the UK Taxpayers, why not just let them go ahead with it whether Heathrow expansion eventually happens or doesn't happen ?
It's not as though UK Taxpayers will be out of pocket if the Gatwick expansion turns out to be a white elephant.
Because the LGW business case is contingent on LHR not happening.
One of the dimensions of both schemes is how to prevent the UK taxpayer being lender of last resort if something nasty happens to the scheme costs. These schemes are so huge in relation to the capitalisation of the companies, who bears the ultimate risk if the SPV goes under?