REVIEW OF HEATHROW AIRPORT’S Q6 CAPEX GOVERNANCE FRAMEWORK

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13th June 2017

The CAA has published a report prepared by CEPA, which assess whether the new capital expenditure governance regime put in place in Q6 is fit for purpose and providing the intended incentives on HAL to deliver capital efficiency.

The advice was split into three parts reflecting the terms of the commission:

  • A review of effectiveness to assess whether the capex governance arrangements are delivering the anticipated benefits.
  • Describe impact of potential problems identified.
  • Make recommendations on the most appropriate approach to assess capital efficiency that should be used for H7 price review.
A copy of the report is available to download. To find out more about CEPA's work in the transport and other sectors. please contact Richard Rodger by email or telephone +44 (0)20 7269 0210