Posts Tagged ‘Borealis’


[Sky News] A consortium wins the race to land the airport in London’s Docklands and pledges to continue expansion efforts.

City Airport's expansion plans have endured turbulence on pollution grounds

City Airport’s expansion plans have endured turbulence on pollution grounds. Image courtesy: Sky News

A consortium including Canadian pension funds and Kuwait’s investment arm is to pay around £2bn for London City Airport.

The business was put up for sale last summer by Global Infrastructure Partners – the private equity firm – which paid a third of that sum when it acquired the airport in 2006.

In that time, passenger numbers have doubled to 4.3 million in 2015 – an 18% rise on the previous year’s total – but Global’s ambitions for the site in the Docklands area have been largely thwarted.

London’s mayor Boris Johnson has sided with campaigners who fear that City’s plans to double passenger traffic by 2030 will mean more noise and pollution.

The consortium – made up of the Ontario Teachers, Borealis and Aimco pension funds and Kuwait’s Wren House – said in a statement it was “committed to the responsible, long-term ownership and development of London City Airport to ensure its continued strong position and reputation as a key airport for London”.

The statement added:……

Read the full story here at Sky News…..

 


Sky News
26th February, 2016


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