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| Version 1 | Version 2 |
|---|---|
| Heathrow third runway 'delayed for 12 months' | Heathrow third runway 'delayed for 12 months' |
| (about 3 hours later) | |
| Heathrow has said its project to build a third runway has been delayed by "at least 12 months" after the aviation regulator rejected its spending plans. | Heathrow has said its project to build a third runway has been delayed by "at least 12 months" after the aviation regulator rejected its spending plans. |
| The Civil Aviation Authority (CAA) has refused Heathrow's request to lift spending from £650m to £2.4bn before it even gets planning consent. | The Civil Aviation Authority (CAA) has refused Heathrow's request to lift spending from £650m to £2.4bn before it even gets planning consent. |
| The CAA is concerned passengers will end up shouldering the cost if Heathrow does not win permission to expand. | The CAA is concerned passengers will end up shouldering the cost if Heathrow does not win permission to expand. |
| The airport now expects to complete a third runway between 2028 and 2029. | The airport now expects to complete a third runway between 2028 and 2029. |
| In a consultation published by the CAA, it said "the best approach in the interest of consumers" is to limit certain early construction costs to £1.6bn. | In a consultation published by the CAA, it said "the best approach in the interest of consumers" is to limit certain early construction costs to £1.6bn. |
| The consultation also said an assessment by an independent fund surveyor of Heathrow's plan to open a new runway by 2026 was an "aggressive schedule" which would require "maximum activity" even before the airport knew whether it had been granted a development consent order. | |
| Paul Smith, group director of consumers and markets at the CAA, said: "We believe that more runway capacity at Heathrow will benefit air passengers and cargo owners. | Paul Smith, group director of consumers and markets at the CAA, said: "We believe that more runway capacity at Heathrow will benefit air passengers and cargo owners. |
| "Its timely delivery is required to prevent future consumers experiencing higher airfares, reduced choice and lower service quality. | "Its timely delivery is required to prevent future consumers experiencing higher airfares, reduced choice and lower service quality. |
| "However, we have also been clear that timeliness is not the only factor that is important to consumers. | "However, we have also been clear that timeliness is not the only factor that is important to consumers. |
| "Passengers cannot be expected to bear the risk of Heathrow Airport Limited spending too much in the early phases of development, should planning permission not be granted." | "Passengers cannot be expected to bear the risk of Heathrow Airport Limited spending too much in the early phases of development, should planning permission not be granted." |
| The CAA has approved Heathrow's proposal to increase its spending on planning costs from £265m to £500m. | |
| Heathrow said the CAA's announcement was "an important milestone" in the expansion of the airport. | Heathrow said the CAA's announcement was "an important milestone" in the expansion of the airport. |
| A spokesman added: "We will now review the detail to ensure it will unlock the initial £1.5bn to £2bn of private investment over the next two years at no cost to the taxpayer. | A spokesman added: "We will now review the detail to ensure it will unlock the initial £1.5bn to £2bn of private investment over the next two years at no cost to the taxpayer. |
| "While this is a step forward, the CAA has delayed the project timetable by at least 12 months. We now expect to complete the third runway between early 2028 and late 2029." | "While this is a step forward, the CAA has delayed the project timetable by at least 12 months. We now expect to complete the third runway between early 2028 and late 2029." |