Published on : Monday, December 18, 2017
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.
The proposals – which will be released in detail as part of Heathrow’s public planning consultation in January – 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:
Heathrow’s Executive Director Expansion Emma Gilthorpe said:
“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. We are looking forward to presenting detailed options on how to do it in our consultation in January, and while we will continue to work to reduce the cost of expansion, we will not compromise on our local commitments.”