Full details of the investment programme, phasing, and the pathway to a third runway will be part of Heathrow’s initial proposals submitted to Government this summer.
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Confirmed plans will include new investment in:
- Terminal infrastructure: Heathrow will work with airlines and the regulator to finalise plans to invest in the capacity of Terminal 2 and make changes to optimise and increase passenger capacity in Terminal 5.
- Improving customer experience and punctuality: Reconfigure and improve the layout of the airfield, increasing the number of aircraft stands, to improve resilience and punctuality.
- Local transport connections and sustainable travel: The investment programme includes plans to further improve bus and coach connections to encourage sustainable and active travel options and benefit our local communities.
- Sustainability: New infrastructure will have improved environmental credentials and will use more sustainable sources of power, supporting the ambitious targets set out in Heathrow’s Connecting People and Planet sustainability strategy.
This privately funded programme to transform Heathrow’s current infrastructure, with early tangible benefits felt this year, will start with projects within the airport’s existing boundary and work towards a third runway.
The plans will help the airport become more efficient, more reliable and more sustainable for all passengers and airlines at Heathrow. These new investments build on the £2.3bn accelerated investment announced by Heathrow in December to improve service, resilience, passenger experience, and sustainability through multiple projects over the next two years.
According to the most recent study from Frontier Economics, a third runway could increase UK GDP by 0.43% by 2050. Over half, 60% of that boost, would go to areas outside London and the South-East. The project is supported by over 30 Chambers of Commerce and business groups up and down the country including the CBI, MakeUK, British Chamber of Commerce and the Federation of Small Businesses; airports including Newcastle Airport and Cornwall Newquay; and trades unions including Community Union, GMB, and BALPA.
To develop and finalise proposals to expand the UK’s only hub airport and largest port by value, Heathrow will now engage with key stakeholders including airlines and local communities.