Heathrow: National Airports Review Debate
Full Debate: Read Full DebateSarah Olney
Main Page: Sarah Olney (Liberal Democrat - Richmond Park)Department Debates - View all Sarah Olney's debates with the Department for Transport
(1 day, 23 hours ago)
Commons ChamberI can tell my hon. Friend that the current ANPS sets out very clear requirements on noise that any scheme would have to meet. We will review those requirements alongside any necessary mitigation requirements, and we will consult on any changes. I should also say that the rules around the operation of a night flight ban, including the exact timings of such a ban, would be defined in consultation with local communities and relevant stakeholders.
The DFT’s own updated appraisal report shows that the economic benefits of a third runway are either exaggerated or misguided. The Labour Government are yet to produce their economic analysis. Meanwhile, Heathrow Airport Ltd is in more than £15 billion-worth of debt and its own proposal has increased in cost by 50% since 2016. What makes the Secretary of State so confident that private financing will be found not just for the proposals on the table, but for all the surface transport upgrades that will be required?
The two promoters that remain in the scheme will be responsible for securing private investment, and they have expressed to me confidence that the scheme can go forward. I also gently point out to the hon. Lady that there is huge support for this expansion among the business community: the Confederation of British Industry, the Federation of Small Businesses and the British Chambers of Commerce all support Heathrow expansion, as do regional business groups across the UK.