Heathrow Airport Limited:Written question - 153792

Asked by Adam Afriyie

Named Day

'Named day' questions only occur in the House of Commons. The MP tabling the question specifies the date on which they should receive an answer. MPs may not table more than five named day questions on a single day.

Asked on: 14 June 2018
Department for Transport
Heathrow Airport Limited
To ask the Secretary of State for Transport, whether his Department has made an assessment of the cost to the public purse in the event that the Airports National Policy Statement is approved by Parliament but Heathrow Airport Limited is unable to finance its expansion.
Answered by: Jesse Norman
Answered on: 19 June 2018

The Government is clear that the Northwest Runway scheme at Heathrow will be financed by the private sector without Government support. In the event that Heathrow Airport Limited were unable to finance its scheme, there would be no default cost to Government.

The Government and its advisers have undertaken considerable assurance work on the financial viability of Heathrow Airport Limited's scheme. Given the transformative nature of the scheme, there will almost certainly be various risks and challenges that will need to be addressed as the scheme design and regulatory framework are developed. The Government has concluded that, so far as can be assessed at this early stage of the process, in current market conditions Heathrow Airport Limited appears in principle to be able to finance expansion privately and without Government support.

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