LONDON Heathrow has identified options that could enable delivery of an expanded hub airport for Britain for £2.5bn less than the plans submitted to the Airports Commission in 2015
The revised £14bn option would be delivered without compromising on Heathrow’s local commitments or passenger experience.
Heathrow is the second busiest airport in the world by international passenger traffic as well as the busiest airport in Europe by passenger traffic, and the seventh busiest airport in the world by total passenger traffic.
The proposals – which will be released in detail as part of Heathrow’s public planning consultation this month – have been developed in close cooperation with the airlines and would ensure that Heathrow expanded with airport charges staying close to today’s levels.
The options that would enable the identified £2.5bn cost reductions involve three things:
Repositioning new buildings over existing public transport and baggage infrastructure. This includes building additional capacity at both Terminals 2 and 5 rather than a dedicated terminal or satellite building between today’s northern runway and the new northwest runway
Technological advancements which reduce the amount of terminal space required to process passengers without compromising experience
More efficient phasing of capacity construction – incrementally increasing terminal capacity in blocks to better match growing demand
“The Secretary of State set us the challenge to deliver an expanded airport for Britain with passenger charges staying close to current levels. We have now identified potential savings of £2.5bn and are increasingly confident we can meet the affordability challenge,” said Heathrow’s Executive Director Expansion Emma Gilthorpe.