Notice of proposed modification to Heathrow Airport Limited’s Economic Licence to allow for an annual recovery of £10 million of Category B costs for a new northwest runway

Overview

On 25 October 2016, the government announced that it was in favour of a new runway and associated infrastructure at Heathrow. In light of this announcement, we propose to modify the economic licence of Heathrow Airport Limited (HAL), so as to allow HAL to recover up to £10 million per annum of costs associated with obtaining planning permission for runway expansion (i.e. Category B costs). This document invites representations on this proposal.