Member

Expanding Heathrow will be one of the largest infrastructure projects in the UK. Rigorous and effective cost control will be essential to its success, both in minimising any impact on airline charges and costs to passengers and in maintaining credibility with financial markets. The Government will therefore work with the Civil Aviation Authority to review the framework for economic regulation for capacity expansion at Heathrow, ensuring the model provides strong incentives for cost-effective delivery. We expect the CAA to publish a working paper in November, with a view to that work completing next summer.