Heathrow Airport

Transport written question – answered on 22nd October 2008.

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Photo of Michael Ancram Michael Ancram Conservative, Devizes

To ask the Secretary of State for Transport what assessment he has made of the likely economic and commercial effects of not building a third runway at Heathrow Airport.

Photo of Jim Fitzpatrick Jim Fitzpatrick Parliamentary Under-Secretary (Department for Transport)

The economic assessment of the proposals for development at Heathrow is set out at Annex B of the consultation document Adding Capacity at Heathrow Airport (November 2007).

http://www.dft.gov.uk/consultations/closed/heathrowconsultation/consultationdocument/annxb.pdf

Table 1 of Annex B sets out the summary of possible monetised impacts of additional capacity. It is estimated that a third runway at Heathrow would generate monetised net benefits to society of £4.4 to £5.2 billion.

The impact assessment also assesses other positive and negative non-monetised impacts.

The economic effects of not delivering additional capacity would be to lose the net benefits as set out in the impact assessment.

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