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UK's Heathrow to Spend GBP 2.9 Billion on Expansion Before Construction Begins

Infra News - Published on Thu, 18 Jul 2019

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The UK's aviation regulator has revealed that parts of Heathrow Airport Ltd’s expansion plan have tripled in cost in the past two years, with pre-construction spending now forecast to be just shy of GBP 3 billion. The increased cost forecasts were outlined by the Civil Aviation Authority in a consultation document it launched relating to the early costs and regulatory timetable for Heathrow Airport Limited’s expansion programme.

In the document, the CAA claims the airport operator now needs to spend GBP 2.9 billion developing the concept and acquiring land and buildings before applying for its development consent order which is needed to proceed with construction. The GBP 2.9 billion figure comprises ‘Category B costs’ related to planning and early ‘Category C costs’ related to acquiring and relocating buildings and community compensation. The CAA’s consultation document highlights how HAL’s estimated Category B costs have risen from an original GBP 265 million in 2017 to more than GBP 500 million and estimated early Category C costs have risen from GBP 650 million to GBP 2.4 billion in the same period.

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Posted By : Mohan Sharma on Thu, 18 Jul 2019
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