News

CAR Publishes Guidance Paper on Dublin Airport City Land Valuation

CAR Publishes Guidance Paper on Dublin Airport City Land Valuation

The Commission for Aviation Regulation has published a valuation of land associated with the proposed Dublin Airport City development project and a guidance paper on how the CAR is minded to treat this project in future Dublin Airport price cap determinations. CAR Logo from Website

 

The document provides parties with guidance on the regulatory treatment at the time of the next Determination in 2019 should DAA proceed with Dublin Airport City. In doing so, it fulfils a commitment made in the CAR’s 2014 Determination on airport charges.

DAA plans to develop extensive office accommodation on almost 28 hectares (70 acres) of land adjacent to the terminals at Dublin Airport, a project known as Dublin Airport City. The development costs could be of the magnitude of €1 billion. To put this in context, the 2015 opening regulatory asset base (RAB) for Dublin Airport is €1.6 billion.

The CAR paper says: “To date, the representations from users at Dublin Airport suggest that they would like to be protected from the risk associated with such a development. DAA have put forward a proposal to move the land and assets associated with this project from the regulated entity to the non-regulated part of DAA, hence transferring the risk from users to DAA’s shareholder.

“To date DAA has spent about €45 million acquiring leasehold interests on lands and buildings associated with Dublin Airport City. None of this expenditure has been included in RAB calculations.”

Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

NEIL STEEDMAN has been a trade journalist, copywriter, editor and proofreader for 50 years, and News & Features Editor for ‘Irish Travel Trade News’ for the past 40 years.

More in News

Emirates Brunch

Emirates Carries Two-Millionth Passenger on Dublin-Dubai

Neil SteedmanDecember 14, 2017
Air Transat Toronto Christmas Market

Christmas and New Year in Toronto with Air Transat Festive Flight from Dublin

Neil SteedmanDecember 14, 2017
Dublin Airport South Gates 1

Dublin Airport Opens New Boarding Gate Area

Neil SteedmanDecember 14, 2017
Job Opportunities

Job Opportunities at Camino Ways and Click&Go

Neil SteedmanDecember 14, 2017
Travelport Julian Eccles

Travelport Achieves IATA NDC Level 3 Certification

Neil SteedmanDecember 14, 2017
Travel Solutions 2018 Brochures

Travel Solutions Launches Four Brochures for 2018

Neil SteedmanDecember 14, 2017
St Stephen's NS

1,000 Performers to Entertain Passengers at Dublin Airport This Christmas

Neil SteedmanDecember 14, 2017
Cape Town Pass 1

Upgraded Cape Town Pass Helps Save Time and Money

Neil SteedmanDecember 14, 2017
Air Canada New Livery

Air Canada to Launch New Routes for Summer 2018

Neil SteedmanDecember 12, 2017

Copyright © 2016 Belgrave Group Limited, C4 Nutgrove Office Park, Nutgrove Avenue, Rathfarnham, Dublin 14, Ireland