Monthly journal Parking Review has been the definitive source of news and intelligence on the UK and international public and private parking sectors since 1989.

New airport ‘would need subsidy’

25 January 2013
 

A new hub airport in the South East would require billions of pounds of public subsidy to get off the ground and would have a major impact on the future of Heathrow, a study said this week.

The House of Commons transport committee commissioned consultant Oxera to assess the commercial viability of a new hub airport. The consultant concludes that public subsidy in the range of £10bn-£30bn in today’s money would be necessary.

“We hope this work delivers something new to a...

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