Re: Monday 7th July: Panorama on Heathrow

"Lansbury" <lansbury@[EMAIL PROTECTED]
> wrote in message 
news:lbh274l0u7vphpgd7sfonkqdas0o8ineur@[EMAIL PROTECTED]
> On Fri, 4 Jul 2008 21:21:12 +0100, "tim....."
<tims_new_home@[EMAIL PROTECTED]
>
> wrote:
>
>>If it is claimed to be a commercial venture then it should be paid for
in
>>the same way that every other commercial venture is paid for - by 
>>borrowing
>>money in the markets
>
>
> Problem with that is Ferrovial borrowed so much to buy BAA, and are
> desperately trying to restructure those loans, that I doubt especially
in 
> the
> current financial climate that anyone is going to lend them money to
make
> improvements with.

But that is their problem,

Making this problem for themselves does not entitle them to demand that 
someone else pay for the new construction


tim