the CAA said - Heathrow Airport

CAP 1027
Chapter 2: Context for the CAA's initial proposals
• written representations received from stakeholders in the course of
the CAA’s process and regular meetings with stakeholders. Some
of these meetings were bilateral and some meetings were trilateral.
Some stakeholders have given the CAA consultancy studies that
they have commissioned;
• an IBP from HAL in July 2012 and FBP in January 2013, setting out
its view on the appropriate price profile for Q6 and its projections for
the building blocks for calculating this price profile;
• several independent studies 7 commissioned by the CAA on the
efficiency and appropriateness of HAL’s business plan projections.
(see figure 2.1); and
• advice from the CAA Consumer Panel.
Figure 2.1: Independent consultancy studies commissioned by the CAA
Topic
Cost of capital
Scope for future efficiency gains at Heathrow, Gatwick and Stansted
Q6 capex review
Assessment of maintenance and renewal costs at Heathrow and
Gatwick
Assessment of commercial revenues at Heathrow and Gatwick
Other operating expenditure at Heathrow and Gatwick
Central support costs
Comparing and capping airport charges at regulated airport
Employment cost study at Heathrow, Gatwick and Stansted
Q5 capex and consultation review, Heathrow
Source: CAA
Consultant
PwC
CEPA
Alan Stratford
Associates
Steer Davis Gleave
Steer Davies Gleave
Steer Davies Gleave
Helios
Leigh Fisher
IDS Thomson
Reuters
Alan Stratford
Associates
7
These studies are available at: http://www.caa.co.uk/default.aspx?catid=
78&pagetype=90&pageid=14279
April 2013 Page 28