Airport plan could be facing €300m shortfall

THE Dublin Airport Authority’s ambitious €1.2 billion development plan could face a funding shortfall of €300 million if the company is not allowed to raise passenger charges, management said yesterday.

Last September, the Commission for Aviation Regulation ruled that, until the end of 2009, passenger charges at Dublin should not exceed €6.14 per person.

Appearing before the Oireachtas Transport Committee yesterday, DAA chairman Gary McGann said the airport would be severely hamstrung if not allowed to raise charges.