LRT no longer pays a dividend to the council due to the interest payments on its debts despite LLAOL paying them a concession fee again. . Instead the council has to rely on the difference between what it borrowed the money at and what it lent the money at. The result is that the council cries poverty as income from the airport is lower than it was 10 years ago despite higher passenger numbers.
Let’s not forget the LRT losses for the last 3 years now come to £550m. Most of that is due to the cost of the DCO and Dart while LLAOL is on to a nice little earner even being paid by the council during the pandemic.
Last edited by LTNman; 29th Feb 2024 at 05:10.