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. Goodbye to all that
  2. GLA developer stuggles with £300m debt
  3. Mansfield names next chief executive
  4. EXCLUSIVE: Public back council funding hike
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