Heathrow Airport can recover up to £320m in early expansion costs – regulator - video Dailymotion

Heathrow Airport can recover up to £320 million of early costs linked to its expansion plans, the industry regulator has said.

Transcript

00:00Last year, the aviation watchdog launched a consultation on the regulatory treatment

00:05of early costs of the Heathrow expansion. The Civil Aviation Authority's draft decision

00:13showed that Heathrow Airport Limited, the company behind the UK's largest airport,

00:19is allowed to recover early costs incurred during 2025 and 2026, linked to the expansion plans up

00:28to a cap of £320 million. However, the process is subject to a statutory consultation. It will

00:37allow Heathrow Airport to have the resources necessary to continue work on expanding the

00:42airport according to the CAA. Early costs include those linked to planning and design needed to

00:49develop a credible plan to expand the airport. It comes after the government selected a Heathrow

00:55Airport plan for a third runway, which will involve diverting part of the M25. The airport's plan is

01:03one of two proposals for the expansion, with the other from Aurora Group, led by hotel tycoon Surinder

01:11Aurora. On Monday, the CAA confirmed that Heathrow West Limited, Mr. Aurora's business for his Heathrow

01:18runway plan could also recover some early costs incurred up to November 25, when ministers confirmed

01:26it had missed out on government backing.

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