I'm sure this will raise the blood pressure of some on here.
Same funding was used to support Teesside airport
travelweekly.co.uk
May I suggest, if you’re going to post in an attempt to gloat, that you do so after at least having a look into the details.
The money available has always been available. Today SYMCA detailed the sources of the funding, that being £138million available to Doncaster over the next 26 years. The mention of £30million per year is disingenuous, that is the amount available from Central Government for any project requiring funding in the entire South Yorkshire MCA area of responsibility.
The problems with viability still stand. Because there is commercial confidentiality at play, the Doncaster Council and SYMCA have only released redacted documents so we do not know exactly how much this is going to cost. Also, we do not know which private sector bidders are interested (if any) nor what the terms of the lease agreement are likely to look like. At this time neither have been agreed. This is purely to show how much public money the authority are happy to throw at it. What is looking likely though is the ongoing costs of operating the airport will fall to the private sector operator. No airport with any ambition will be profitable within 5 years, so they are effectively asking an operator to invest in a capital intensive operation, the land of which they do not own and the leasehold of which they also will not own. I struggle to understand, given the huge investment schemes currently under way at Leeds Bradford and East Midlands airports to significantly increase capacity and passenger experience, how there is any demand for an airport in the middle of those two. This is a viewpoint shared by a number of colleagues and also airport/airline consultants.
This will be a monumental waste of money if allowed to progress. Funding would be better directed at more pressing matters such as improvement in regional rail infrastructure and other sustainable transport initiatives. The easyJet’s and Ryanair’s were not interested before, when the market was more buoyant, I fail to see how they would be interested now, particularly as the airport has already closed once!