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Old 3rd Oct 2015, 11:41
  #485 (permalink)  
Shed-on-a-Pole
 
Join Date: Sep 2002
Location: Manchester
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will it be sufficient to repay the additional liability? If not, what is the fallback position?
The modular mode of construction means that MAN can adjust the rate of redevelopment if necessary. They have a ten year construction window in which to monitor evolving traffic trends in real time. Meanwhile, we already know that the initial phases are desperately required based on current demand alone. Don't forget - the alternative of keeping the existing ageing terminals complex fully operational would come with its own high price-tag.

I'm surprised that the answers are not in the public domain
MAG's financing proposals are known to the Board (ie. the owners). There is no reason for such information to be shared publicly on a blow-by-blow basis with unrelated parties in the interim. MAG has a website dedicated to the rebuild programme and information already made public will be updated there as the project progresses.
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