Stansted's second runway
Thread Starter
Join Date: Nov 2001
Location: London Whipsnade Wildlife Park
Posts: 5,040
Likes: 0
Received 0 Likes
on
0 Posts
Stansted's second runway
Airport operator BAA believes a second runway at London's Stansted Airport would cost under GBP£4 billion (USD$6.9 billion), below government estimates, a source familiar with the situation said on Monday.
BAA is scheduled to unveil details of its costing and location for the runway on Friday.
Its estimate would come in slightly below a government forecast made in 2003, the source said. "Their estimate was GBP£4.5 billion in today's money... it is going to come in quite considerably under that," the source said.
BAA will also unveil details of the runway's location, a sensitive issue for local residents and environment groups who are strongly opposed to the project.
BAA said in May it did not expect the runway to be ready until at least 2013, more than a year behind the British government's deadline.
BAA wants to help fund the project by introducing levies on passengers at London's Heathrow and Gatwick airports, which it also owns.
The government has backed plans for a second runway at Stansted as part of a 30 year strategy to cope with soaring demand for air travel, particularly in Britain's crowded south-east.
BAA said in May it would propose introducing a levy of up to GBP£1 (USD$1.72) on passengers at Heathrow and Gatwick to help fund the runway, as well as increasing current average charges per passenger at Stansted to GBP£5 (USD$8.70) by 2008 from GBP£3.
The proposed levy, which would need to be cleared by regulators, is vehemently opposed by airlines.
BAA is scheduled to unveil details of its costing and location for the runway on Friday.
Its estimate would come in slightly below a government forecast made in 2003, the source said. "Their estimate was GBP£4.5 billion in today's money... it is going to come in quite considerably under that," the source said.
BAA will also unveil details of the runway's location, a sensitive issue for local residents and environment groups who are strongly opposed to the project.
BAA said in May it did not expect the runway to be ready until at least 2013, more than a year behind the British government's deadline.
BAA wants to help fund the project by introducing levies on passengers at London's Heathrow and Gatwick airports, which it also owns.
The government has backed plans for a second runway at Stansted as part of a 30 year strategy to cope with soaring demand for air travel, particularly in Britain's crowded south-east.
BAA said in May it would propose introducing a levy of up to GBP£1 (USD$1.72) on passengers at Heathrow and Gatwick to help fund the runway, as well as increasing current average charges per passenger at Stansted to GBP£5 (USD$8.70) by 2008 from GBP£3.
The proposed levy, which would need to be cleared by regulators, is vehemently opposed by airlines.
Thread Starter
Join Date: Nov 2001
Location: London Whipsnade Wildlife Park
Posts: 5,040
Likes: 0
Received 0 Likes
on
0 Posts
I quote from the article "BAA wants to help fund the project by introducing levies on passengers at London's Heathrow and Gatwick airports, which it also owns."
So if TBI decided to levy a tax to pay for Luton's new runway, would anyone object?
So if TBI decided to levy a tax to pay for Luton's new runway, would anyone object?
