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Third Street Promenade
Santa Monica, CA
USA

Angelenos Against Gridlock is an advocate for a world-class transportation system for Los Angeles County, the most populous county in America.

Blog

David Murphy

The Heathrow Express involved capital spending of more than £450 million. The largest amount was spent on the tunnels at Heathrow, with smaller sums spent on the rolling stock, depot, electrification and Paddington Station. This sum was raised by BAA plc., a private company listed on the London Stock Exchange. Financing came from the company’s own cash flow and from loans from the European Investment Bank and the Export-Import Bank of Japan.
The surplus of revenue over operating costs is confidential, but it is expected to give shareholders an appropriate return on capital investment. There is no cross subsidy from other parts of the business and there is no public subsidy.
Railways and Air Transport: Heathrow Express, by BAA manager Paul LeBlond. (Japan Railway & Transport Review No. 19 (pp.20–24) Click the link for an insightful article into rail/airport links, as we in Los Angeles consider how to improve LAX rail service.