Delay on third runway served Heathrow's owners well
Politicians seem so exhausted in getting project across the line that risk allocation is left for later
The true scandal in Monday’s Commons vote on expansion at Heathrow wasn’t Boris Johnson’s absence but the fact that the government presented a plan that looks suspiciously like a charter for the airport’s private-sector owners to milk passengers and get other people to pay for their cost overruns.
Whatever your view on the expansion of Heathrow, it ought to be easy to agree that if a third runway is going to happen at a (current) official estimate of £14.3bn, it should be 100% clear who is on the hook if costs explode. The government has danced around the question, with transport secretary Chris Grayling offering vague lines about how a third runway must be “affordable” and be built “at a sensible cost” without defining what he means in figures.
Source: Guardian Transport
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