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Forbes: Ferrovial's BAA says proposed tariff cut could halt Heathrow development (06.28.07)

'If we don't get the correct settlement we could pull plans for Heathrow East,' BAA chief executive Stephen Nelson told journalists at a lunch in Madrid.

...

'The question is whether you want a good airport -- a world class airport -- or a cheap airport,' Ferrovial chairman Rafael Del Pino said.

'Heathrow is underpriced and the consequence has been that investment has been limited and customer service has not met the needs of passengers.'

Not that I'm inclined to take what the CEO of ferrovial says at face value, but "undervaluing of infrastructire resulting in underinvestment and sagging customer service" is consistent with what we know of British public service privatisation.

Can the last politician to go out the revolving door please turn the lights off?
by Migeru (migeru at eurotrib dot com) on Sat Jul 14th, 2007 at 05:17:56 AM EST
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