Economic regulation of capacity expansion at Heathrow: consultation on early costs and timetable

This consultation document focuses on the costs of expansion incurred by Heathrow Airport Limited (“HAL”) in advance of receiving a development consent order (“DCO”) under the Planning Act 2008 for the expansion of Heathrow airport. It deals with new information that has emerged on these costs and notes that there could be significant implications for the wider programme timetable, depending on the levels of spending and how we propose to treat the expenditure in the regulatory framework.

It also deals with issues relating to the regulatory timetable and updates the guidance we provided previously to HAL on the scope and content of its price control business plans.