ECONOMIC GROWTH

Tees Valley mayor's airport investment would total £75m

Tees Valley Combined Authority is being asked to commit £75m to the purchase of an airport, the business case has revealed.

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By Martin Ford | 18 January 2019

Tees Valley Combined Authority is being asked to commit £75m to the purchase of an airport, the business case has revealed.

The authority's newly-published plans showed that a loan of £20m will be required to cover operating losses and up to £15m will be required to improve and expand Durham Tees Valley Airport, on top of the £40m purchase price.

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Martin Ford

Popular articles by Martin Ford

  1. Ombudsman calls for more powers
  2. Call for courage over failing council finances
  3. Government will 'not hesitate' to intervene in planning
  4. MPs sound alarm on SEND deficits
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