| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

Home 
 
 News
 Irish
 European
 International
 
 Analysis/Comment

RSS FEED


How to use our RSS feed

 
Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

We provide access to live business television and business related videos from: Bloomberg TV; The Wall Street Journal; CNBC and the Financial Times. Click image:

Links

Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax - Income/Corporate

Global News

Bloomberg News

CNN Money

Cnet Tech News

Newspapers

Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News

 

Feedback

 

Content Management by interactivetools.com.

News : Irish Last Updated: Mar 10, 2010 - 3:05:08 PM


Dempsey says Dublin Airport Authority can operate Dublin Airport's Terminal 2 - -T2 - - if it meets agreed benchmarks
By Finfacts Team
Mar 10, 2010 - 3:01:50 PM

Email this article
 Printer friendly page

Today Minister for Transport, Noel Dempsey TD announced his mandate to the Dublin Airport Authority (DAA) to operate Terminal 2 - -T2 -- , while demonstrating that it can do so within a benchmark set by the Commission for Aviation Regulation (CAR). This follows a decision to terminate the facility management procurement process relating to Terminal 2 at Dublin Airport.

Dempsey said: “As Minister, I was keen to pursue the option of a competition for the operation of facility management services in Terminal 2 as a way of achieving efficiencies in the Terminal and across airport operations generally. While every effort was made to design a workable process, unfortunately the market did not respond as hoped. There was no choice but to terminate the procurement process last December. None of the candidates had met the minimum requirements for pre-qualification and I had no option but to terminate the procurement process in the light of the outcome of the pre-qualification phase and my advisers’ general assessment of the process. “

The Minister continued: “The Dublin Airport Charges determination for 2010-2014 made by the Commission for Aviation (CAR) in December last year, has set very specific and stringent operating cost targets for operating an efficient Terminal 2. In my view, the airport charges determination has effectively superseded the procurement process.

At this point (following my advisers’ general assessment of the procurement process) and consultation with my Government colleagues, I do not see any practical alternative but to mandate DAA to operate Terminal 2. In doing so, the DAA will need to demonstrate that it can operateTerminal 2 (T2) within the benchmark set by CAR.”

Dempsey concluded: “I have informed the DAA as follows: 'In view of the provisions of the airport charges determination regarding T2, if DAA is not in a position to confirm that it can operate T2 within the parameters set by CAR, then it would then be necessary to make alternative arrangements for the operation of T2. Accordingly, in view of the above considerations, I would be grateful if you would report back to me within three months on DAA’s capacity to operate T2 satisfactorily with effect from November 2010. I intend to review the position regarding the operation of T2 in advance of the expiry of the 2010-2014 Determination of Airport Charges.'”

The DAA said today it is already an efficient airport operator, as confirmed by a number of independent studies carried out on behalf of CAR in recent years. CAR’s most recent research found that in 2008, total operating costs per passenger at Dublin Airport were the second lowest in a study of 12 comparable European airports and were 20-25% lower than the average operating cost.

“The DAA says it has been set a significant challenge by this decision, as the benchmark costs envisaged by CAR will require a different cost model than that which currently pertains in the existing terminal,” said DAA Chief Executive Declan Collier. “We will now work to try and meet the criteria stipulated by the Minister and are committed to responding to him within the three-month period.”

Related Articles


© Copyright 2009 by Finfacts.com

Top of Page

Irish
Latest Headlines
Irish Economy: Central Bank says economy undergoing modest recovery this year; Forecasts growth of GDP and GNP in range of 2.2 to 2.8 % in 2011
Irish retail sales fell 0.2% in June
O'Keeffe provides €7m fund for academic researchers to commercialise their work
Irish average national house prices fell by 1.7% in Q2 2010; Fall in H1 2010 was 6.4%; Average price is at 2001 level
Dublin's Docklands Authority cuts deficit from €213m to €19m in 2009; Agency left with 34 Council/Executive Board members and 27 staff
Irish Glass Bottle site loans transferred to NAMA
Online advertising expenditure in Ireland in 2009 reached €97.2m or maybe not
Financial Services Ombudsman criticises “unwarranted and unsolicited” moves by Irish banks to move people off low-rate tracker mortgages
Cowen announces what he terms 7-year €40bn 'stimulus for growth and job creation'
Irish commercial property returns fell in Q2 2010 after a slight rise in the first quarter
Permanent tsb to raise variable mortgage interest rates
Irish goods exports rose 8% in year to May; Minister lauds "remarkable achievement" of US-owned firms; Claims "strong vindication of the Government’s work"
Lenihan announces review group to report on disposal of State commercial assets
Enterprise Ireland launches Seed & Venture Capital report for 2009
National Competitiveness Council publishes 'Costs of Doing Business in Ireland in 2010' report
Elan reports net loss of $213m in second quarter
Central Bank and Financial Regulator say review of Irish banks’ mortgage lending policy for first time buyers shows practices need to be improved
Profits earned by Irish hotels have plummeted by 50% since 2007; Room rates said to have dropped to 1999 levels
Irish economy maybe set for high growth or low growth by 2015 says ESRI: Full employment in prospect or maybe not
Campaign for Change at One51 dissidents announce nominees for election to board of One51 at AGM