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Written question asked by Lord Berkeley (Labour) on Thursday, 24 September 2020, in the House of Lords. It was due for an answer on Thursday, 8 October 2020. It was answered by Baroness Vere of Norbiton (Conservative) on Thursday, 8 October 2020 on behalf of the Department for Transport.


Heathrow Airport: Tunnels

Question

To ask Her Majesty's Government whether the Civil Aviation Authority has the power to remove the costs of refurbishment of road tunnels at Heathrow Airport from the Regulated Asset Base of Heathrow Airport Limited.

Answer

The Civil Aviation Authority, as an independent economic regulator, will consider the efficiency and reasonableness of all capital expenditure which is added to Heathrow Airport Ltd’s Regulated Asset Base. It can make ex-post decisions to remove expenditure which does not meet efficiency tests. The Civil Aviation Authority’s primary duty is to the consumer and its secondary duty is to ensure Heathrow Airport Ltd can finance its operation.


Secondary information

Type
Written question
Reference
HL8440
Session
2019-21
Subjects
Costs Heathrow Airport Roads Repairs and maintenance Tunnels Heathrow Airport Limited
Link
View this Written question on www.parliament.uk