HEATHROW AIRPORT EXPANSION FUNDING

Early day motion 921, tabled 27 February 2009 by John McDonnell (Labour). Signed by 28 members.

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.

Signatures by party: Labour 14, Liberal Democrat 11, Independent 2, Scottish National Party 1.