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1144398
star this property registered interest false more like this
star this property date less than 2019-09-03more like thismore than 2019-09-03
star this property answering body
Department for Transport remove filter
star this property answering dept id 27 more like this
star this property answering dept short name Transport more like this
star this property answering dept sort name Transport more like this
star this property hansard heading Heathrow Airport more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Transport, what assessment he has made of the effect of potential changes to the investment grade credit rating of Heathrow Airport on the (a) airport’s expansion plans and (b) provisions of the Aviation National Policy Statement. more like this
star this property tabling member constituency Middlesbrough more like this
star this property tabling member printed
Andy McDonald remove filter
star this property uin 286261 more like this
star this property answer
answer
star this property is ministerial correction false more like this
unstar this property date of answer less than 2019-09-09more like thismore than 2019-09-09
star this property answer text <p>The Government is clear that the Northwest Runway scheme will be financed in its entirety by the private sector. As a private company, decisions that could impact its credit rating are a matter for Heathrow Airport Limited (HAL) and its investors.</p><p> </p><p>The Civil Aviation Authority (CAA), as the independent economic regulator, has a duty to ensure that HAL can finance its airport operations. In its CAP1832 working paper on financial resilience and ring-fencing, published in August 2019, the CAA considered that the potential for a regulatory obligation on HAL to maintain an investment grade credit rating was worthy of further exploration. Comments from stakeholders are invited by 11 October 2019 ahead of a further working paper on the matter.</p><p> </p><p>The Government, with our independent expert advisers, and the CAA have conducted assurance work on the finance and affordability of HAL’s expansions proposals. This work has concluded that, so far as can be assessed at this stage of the process, and assuming current market conditions, HAL is in principle able to privately finance expansion without government support.</p><p> </p>
unstar this property answering member constituency Blackpool North and Cleveleys more like this
star this property answering member printed Paul Maynard more like this
star this property question first answered
less than 2019-09-09T15:41:55.377Zmore like thismore than 2019-09-09T15:41:55.377Z
star this property answering member
3926
star this property label Biography information for Paul Maynard more like this
unstar this property tabling member
4269
unstar this property label Biography information for Andy McDonald more like this
1144400
star this property registered interest false more like this
star this property date less than 2019-09-03more like thismore than 2019-09-03
star this property answering body
Department for Transport remove filter
star this property answering dept id 27 more like this
star this property answering dept short name Transport more like this
star this property answering dept sort name Transport more like this
star this property hansard heading Heathrow Airport more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Transport, what assessment he has made of the adequacy of the community impact consultation being conducted by Heathrow Airport on its expansion plans. more like this
star this property tabling member constituency Middlesbrough more like this
star this property tabling member printed
Andy McDonald remove filter
star this property uin 286263 more like this
star this property answer
answer
star this property is ministerial correction false more like this
unstar this property date of answer less than 2019-09-09more like thismore than 2019-09-09
star this property answer text <p>Heathrow Airport Limited are currently undertaking a public consultation on their plans to develop a Northwest Runway and associated infrastructure involving 40 events and sending information to approximately 2.7 million households. This is a statutory consultation, which should be carried out in accordance with the requirements of the Planning Act 2008 and associated legislation and guidance.</p><p> </p><p>The assessment of the adequacy of the consultation, being conducted by Heathrow Airport Limited on its expansion plans, is something which the Secretary of State would consider as part of making a decision on whether or not to accept an application for development consent by that company. In making that decision the Secretary of State is statutorily bound to have regard to the consultation report accompanying the application, as well as other matters, such as any responses from local authority consultees about the adequacy of the consultation. That report has not been produced yet and the consultation is ongoing.</p><p> </p><p>It would be premature to comment on the adequacy of Heathrow Airport Limited’s consultation at this time, but it is something that would be carefully considered in the event of an application for an order granting development consent being made.</p><p> </p><p> </p>
unstar this property answering member constituency Blackpool North and Cleveleys more like this
star this property answering member printed Paul Maynard more like this
star this property question first answered
remove maximum value filtermore like thismore than 2019-09-09T15:44:13.197Z
star this property answering member
3926
star this property label Biography information for Paul Maynard more like this
unstar this property tabling member
4269
unstar this property label Biography information for Andy McDonald more like this
1145039
star this property registered interest false more like this
star this property date less than 2019-09-05more like thismore than 2019-09-05
star this property answering body
Department for Transport remove filter
star this property answering dept id 27 more like this
star this property answering dept short name Transport more like this
star this property answering dept sort name Transport more like this
star this property hansard heading Aviation more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Transport, what assessment he has made of the adequacy of the (a) resources and (b) investment allocated by (i) airports and (ii) airlines to meet increases in passenger demand between 2014 and 2018. more like this
star this property tabling member constituency Middlesbrough more like this
star this property tabling member printed
Andy McDonald remove filter
star this property uin 287597 more like this
star this property answer
answer
star this property is ministerial correction false more like this
unstar this property date of answer less than 2019-09-09more like thismore than 2019-09-09
star this property answer text <p>The UK aviation market operates predominately in the private sector. It is therefore for airports to invest in their infrastructure to attract passengers and airlines, while airlines are well placed to deliver services to their customers by responding to demand for different routes.</p><p> </p><p>The government has set out last year that it supports airports to make best use of their existing runways beyond Heathrow, subject to environmental issues being addressed.</p><p> </p><p>In addition, the Airports Commission’s Final Report, published in July 2015, recognised that Heathrow airport was already at capacity and that the remaining London airports were not far behind – impacting the UK’s economy and global trading opportunities. It stated that there is a clear need for one net additional runway in London and the South East by 2030. That is why, following a vote in the House of Commons, the Airports National Policy Statement was designated as government policy in June 2018.</p><p> </p>
unstar this property answering member constituency Blackpool North and Cleveleys more like this
star this property answering member printed Paul Maynard more like this
star this property question first answered
less than 2019-09-09T14:42:11.477Zmore like thisremove minimum value filter
star this property answering member
3926
star this property label Biography information for Paul Maynard more like this
unstar this property tabling member
4269
unstar this property label Biography information for Andy McDonald more like this