Heathrow Airport has today revealed ambitious plans for a multi-billion pound expansion programme, including the long-debated third runway. The announcement, made at British Steel’s Scunthorpe facility, outlines the largest investment in the airport’s history and comes shortly after receiving government backing.
“This privately funded programme will upgrade existing infrastructure while laying the groundwork for a third runway,” said Heathrow CEO Thomas Woldbye. “Heathrow is proud to answer the Chancellor’s call to get Britain building.”
The expansion plans, which will be fully detailed this summer, include significant upgrades to Terminal 2 and Terminal 5, improvements to airfield layout for better punctuality, enhanced local transport connections, and new sustainable power infrastructure. All investments will be privately funded, with initial improvements beginning this year.
Economic forecasts suggest the third runway could boost UK GDP by 0.43% by 2050, with 60% of benefits reaching areas outside London and the South East. The project has gained support from over 30 Chambers of Commerce, various business groups, regional airports, and trade unions.
During the announcement, Heathrow also signed the UK Steel Charter, committing to maximizing opportunities for UK steel producers. Industry Minister Sarah Jones welcomed this move: “This investment supports thousands of jobs and marks a major vote of confidence in our homegrown steel sector.”
Environmental concerns remain central to the expansion plans. Woldbye emphasized that the project will only proceed under strict environmental safeguards, stating, “This project can only go ahead if we meet the rules on noise, air quality and carbon that the Government sets out.”
The airport will now begin stakeholder engagement, including discussions with airlines and local communities, as it develops its final proposals for submission to the Government this summer.
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