UK government agrees to lease back the new airport for a period of 25 years after which the airport is privatised.
contractors undertake a BOT( Build operate and transfer agreement)
25 year lease at 2.5% rental yield on £60,000,000,000.00 ( Sixty billion)
Government could issue bonds and sub lease the slots to the airlines.
As soon as the project breaks ground if not before every airline will be vying to pre purchase slots from the UK government.
The investor would receive a guaranteed annual payment indexed with an greed cap this would be a wonderful investment for the SWF.
The New airport would allow for Heathrow to be shut down over a period of time and be developed into a New Silicon Valley with high tech campuses with housing.
The new airport would allow 24/7 operations and would power UK PLC forward releasing UK from having a second rate international airport that has now been overtaken by properly planned airport that can run 24/7 with no threat to London as there would be no flights over London.
A project such as a new strategic hub for the UK needs a bold team with the backing and commitment of funding from SWF's.
New Thames Estuary airport proposal unveiled
The design by architects Gensler includes four floating runways. Image by Vyonyx
New proposals for a floating airport in the Thames Estuary have been unveiled.
Proposals for London Britannia Airport, designed by architects Gensler, include four floating runways tethered to the sea bed.
The architect said the design allowed for future expansion to accommodate six runways when required.
Project director of the latest proposal Ian Mulcahey, said: "This will be a national infrastructure project that can inject new pace and dynamism into our economy.
"The airport can be quickly manufactured in the ship yards and steel works across the UK and can be floated by sea and positioned in the Estuary.
"This isn't a London airport, it is a global airport, designed, manufactured and built in the UK."
But Willie Walsh, chief of International Airlines Group, which incorporates British Airways, told MPs that he could not see how you could make an economic case for a new hub airport.
The "massive" cost, as much as £60bn, would have to be recouped from charges which deterred operators from moving there.
"You would have plenty of capacity but nobody would ever want to use it," he said.
'Global airport'
A spokeswoman for London mayor Boris Johnson said: "This will form, along with other significant submissions, an important part of discussions going forward."
The mayor has already backed the concept for a Thames island airport, for which there have been two other plans unveiled, one dubbed "Boris Island".
The airport would be connected to London by high-speed rail.
The mayor is setting up a new aviation policy unit to be headed by one of his deputies Daniel Moylan, who has been instrumental in pushing the idea of an airport in the Thames Estuary over the last two years.
Architect Lord Norman Foster earlier unveiled ambitious plans for an airport at the Hoo Peninsula on the Kent coast
The mayor said: "We must remain competitive, and to do that we need a coherent aviation strategy for 21st Century London. Daniel Moylan will help me deliver that."
Last week, the government announced a final decision on UK airport expansion will be taken after the next general election in 2015.
The new transport secretary Patrick Mcloughlin said earlier that the experts appointed to a new independent commission would ensure the best possible long-term solution was found.
He told MPs: "Airport expansion is a very, very difficult subject to address. It's very complicated.
"Even if we had a third runway at Heathrow it would take time to do. It's very controversial."
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