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Controversy continues to surround Riveroak Strategic Partners (RSP) attempts to acquire Kent’s Manston Airport to run as a full-freighter gateway.  

Concerns were voiced this week during Planning Inspectorate hearings for a Development Consent Order (DCO), that would allow RSP a compulsory purchase order to buy Manston.  

Lead planning inspector Kelvin McDonald said during the hearings: “We have no evidence directly available to us that these funders have the resources to enable us to recommend that adequate funding is likely to be available to enable the compulsory acquisition.” 

In particular, Mr McDonald pointed ...

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  • Ken wraight

    June 07, 2019 at 4:30 pm

    Supplied interim accounts showing approximately 10 million spent not the 15.2 million claimed. Also no evidence of 13 million in the bank to cover costs ie purchase and compensation.
    All non UK funding will go to Switzerland via Belize and Britain virgin islands both known for tax benefits

    • Alex Lennane

      June 10, 2019 at 9:51 am

      Please note: The Loadstar is unable to verify these claims in the comment section at the moment…

  • Eggnog

    June 07, 2019 at 9:09 pm

    The Planning Inspectorate has been told that money to fund this project will be provided via a company called M.I.O. Investments which has been set up in the British Virgin Islands. It is the identities of the investors who have been and will be providing money to this company which are being kept secret. Supporters of the scheme are claiming that those investors are entitled to anonymity, but that the company which is pursuing the Development Consent Order will be able to provide their details to the Secretary of State at a later stage. He or she will then be free to keep the information secret under the cloak of commercial confidentiality. Given that this project has been described as a state-sponsored land-grab, you would have thought that transparency over the funding arrangements would be essential.

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Manston Riveroak