Heathrow Airport Expansion Funding

EDM number 921 in 2008-09, proposed by John McDonnell on 27/02/2009.
Categorised under the topic of Aviation.

That this House notes that BAA has reported a loss of £1.3 billion for 2008, with its parent company's debt totalling £12 billion, and that it faces the forced sale of airports currently in its ownership; and, in view of the significant potential shortfall facing Ferrovial, BAA's owners, in raising the funds to pay for a third runway and sixth terminal at Heathrow Airport, calls upon the Government to make a public commitment now that it will not provide funding or, in any way, stand as guarantor for the funding, including by the issuing of any letters of comfort, for the expansion of Heathrow Airport, given that this would crowd out many other much-needed and environmentally-sustainable transport projects requiring public investment.

This motion has been signed by a total of 28 MPs.