UK: Heathrow’s third runway plans face further delay

Heathrow’s timetable for its third runway faces further delay after the UK aviation regulator said it was minded to approve only just over half the amount the airport wants to spend on its project ahead of final approval. The UK’s Civil Aviation Authority Thursday rejected Heathrow airport’s proposal to more than quadruple certain early construction-related spending to GBP2.8b because of the risk the costs would be passed on to passengers if the project is eventually cancelled. In a consultation document released Thursday, the regulator instead said its preference was for spending to increase to GBP1.6b. It added that the move would mean a delay of about a year to the 2026 scheduled opening of Heathrow’s third runway, based on Heathrow’s estimates. <br/>
Financial Times
https://www.ft.com/content/13c97730-226d-11ea-92da-f0c92e957a96
12/19/19