No cross-subsidisation for airport, says Varadkar

Transport Minister Leo Varadkar has confirmed that there will be no cross-subsidisation between an independent Shannon Airport and the rent roll from Shannon Development’s extensive land bank.

In the latest figures available, the Shannon Development land-bank provides €11m in annual gross rent receipts.

However, addressing the Dáil on the State Airports (Shannon Group) Bill 2014, Mr Varadkar indicated that the airport will not have access to the Shannon Development rental revenues in the merged Shannon Group.