NEW BREXIT WITHDRAWAL DEAL COULD RESTRICT AVAILABLE FUNDING FOR UK AIRPORT EXPANSION AND NEW BUILD
November 1st, 2018
THE DRAFT UK/European Union withdrawal agreement released yesterday (Wednesday, November 14) would commit the UK to largely following the EU’s state aid regime, which controls how subsidies can be paid for major investments, such as in airports. It also controls how much money public authorities can pay to help fund airport operations. This acceptance by the UK government (in article 12 of the deal) would be combined with a loss of potential project finance from the European Investment Bank (EIB), which the UK would quit as confirmed by the draft deal.
While ...
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