Originally Posted by
anothertyke
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?
OK....Didn't know that. Thanks for the clarification.
But on reflection, it's hardly a strong business case if you say ' We'll do X providing the Government prevent our competotors from doing the same thing '
So presumably the Nigerian is saying that he's only waiting for a definitive answer from the Government before investing himself ?
Heard that one before - many times...About number #4 on the list of ' How to make things difficult in Africa for your competitors '
Maybe the UK Governent should adopt a ' Show us the money, first ' policy - you know, just to be on the safe side....