NDDL: abandonment of the project could cost the state up to 600 million euros, according to Woerth

The abandonment of the Notre-Dame-des-Landes airport project (NDDL) will cause a loss for the public finances of 200 to 600 million euros, according to an estimate of the president (LR) of the Finance Committee of the National Assembly, Eric Woerth, Wednesday.

This estimate also includes the redevelopment of Nantes-Atlantique airport, said the deputy Republicans of the Oise during the presentation to the Commission of the the financial consequences of the abandonment of this controversial project.

On the contrary, the continuation of the project would have allowed a net profit of 180 million euros over the duration of the concession, says moreover

These figures are based on the analysis of financial documents submitted by the state administration and by the local and regional authorities involved in the project, in the framework of a parliamentary control.

The government announced mid-January the abandonment of the proposed transfer of Nantes-Atlantiques airport to Notre-Dame-des-Landes, recommending instead to adapt to the evolution of the traffic the existing airports of Nantes, Rennes and Brest.

The former Minister of the Budget also judged that the possible compensation of the concessionaire, the company Airports of the Great West (AGO), charged in particular to realize the new airport was a "considerable financial risk" but should be negotiated.

The government could pay him a maximum of 500 million euros, he said. But "when the compensation (…) will be greater than 100 or 120 million euros, or between 20 to 30% of the maximum estimates, the cost to the State of the abandonment of Notre-Dame-des -Landes will be superior to that of the continuation of the project ", underlined √Čric Woerth.

Concerning the modernization of the current airport of Nantes-Atlantique, which foresees in particular its enlargement, the invoice could reach 500 million euros according to a government mediation mission. A sum which seems "underestimated", the member worried.

"It will be necessary to take into account the additional costs related to the closing of the airport during the works on the track, during several weeks", he argued

"Especially the lengthening of the runway and the extension of the terminal require land acquisitions and work, subject to significant environmental constraints", continued Mr. Woerth. [19659002AttheendofJanuaryMrWoerthafteracheckonthespotandonthespotattheDGAChadestimatedthatthegovernmenthadabandonedtheairportproject"withoutpriormeasurementofthefinancialrisk"

Trump's proposed Military Parade Will Cost Up to $ 30 Million

Director of the United States government budget, Mick Mulvaney estimates that the military parade wanted by Donald Trump will cost taxpayers up to 30 million dollars.

"I've seen estimates of costs between 10 and 30 million dollars depending on the size of the parade," Mulvaney said. The Budget Committee of the House of Representatives on Wednesday (14/2).

The US government is reportedly considering a parade on Veterans Day.

Read also: Trump Wants a Military Parade in Washington

Mulvaney told lawmakers the event fund was not included in the 2019 budget that Trump had proposed because the parade plan had just been delivered recently. Mulvaney said the Trump administration should cooperate with Congress "if we decide to carry out" the parade.

Last week, Defense Secretary Jim Mattis told reporters the Pentagon is still in the early stages of planning and is still considering options. Trump proposed holding a parade in Washington after seeing a military march on Bastille Day warning in Paris last July.

There was a bipartisan opposition to the proposal in Congress, most of the MPs saying such a parade would be regarded by the whole world as a symbol of dictatorship .

Republican Senator Lindsey Graham says it will approve a parade that honors members of the armed forces, but a "Soviet-style" parade featuring large military weapons will be a sign of "weakness."

Senator John Kennedy, also Republican, reporters said last week, "I think an unconfident person will be out loud." Kennedy added: "America is the most powerful country in human history, and we do not have to show it off." [my/ii]