This golden nugget does not appear in the final report, at least I could not find it, but does appear in the
Business case and sustainability assessment: Heathrow Airport north west runway
https://www.gov.uk/government/public...n-final-report
This forms an appendix to the Final Report.
I wonder how many Labour and SNP MPs have read this ?
4.37
From the Commission’s market soundings, based on the range of sensitivities presented at consultation, the scheme is considered to be financeable in a situation where all of the surface access costs are borne by the scheme promoter,
Splendid News, water tight, ringfenced and certainly allays a concern that I and few others had misgivings over re surface costs!
but wait what's this
......however the Government may decide, for instance in a situation where the risks noted above increase, to contribute funding to some or all of the surface access requirements, and a commitment to do so may provide investors with a level of assurance and so reduce the price they place on the risks discussed.
Does this mean that in effect if things start going "belly up" the taxpayer picks up the tab in order to protect HALS investment or have I read that the wrong way ?