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Heathrow Passengers to Face Higher Costs from Expansion Plans
['Olivia Jarvis']
Travel Radar – Aviation News
Heathrow passengers are set to face decades of higher fares as the airport is granted permission to recoup costs of developing its expansion plan.
These higher air fares are expected to hit passengers for up to 25 years to cover the full costs of the expansion.
Heathrow Airport Limited’s scheme is estimated to cost £33 billion, which includes £1.5 billion to move the M25.
The costs Heathrow can recover are capped, independently scrutinised and subject to efficiency reviews, helping ensure that passengers only pay for efficient costs that are justified.”
This was during a government consultation on its Heathrow expansion national policy statement, which aimed to set out conditions for the project’s approval.