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Irish airports operator Aer Rianta has been rocked by a report from the country's airports regulator approving only a quarter of an £800M capital investment programme for Ireland's three main airports. Regulator Bill Prasifka ordered that only £218M of the six year programme could be taken from airport charges which he cut at Dublin. He accused the operator of constructing inefficient facilities and of inadequate cost-benefit analyses.

Rejected projects include a second runway and an internal rail system at Dublin Airport. Aer Rianta says the cuts would leave it with 'shanty town' airports. If an appeal to the Irish government fails it may fund the programme from the sale of hotel assets.

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