Originally Posted by
Harold77
The draw down loan facility has been boosted.
It now stands at £88m (£64.4m Airport and £23.6m Southside) of which £63.3m has been drawn down in total.
Last year the facility was £77.6m of which £44m was drawn down.
So I take it that the government funding awarded to TVCA for airport projects gets put into the loan facility to the airport, hence the boosting seen this year.
Is that right? The funding for the hangars etc were described as Grants not Loans. I'd also expect funding for a specific purpose to be held seperatley rather than going into a central fund. Of course the way the airports ownership is structured means that there is no transparency in the way taxpayers money is spent.