London Gatwick Takes Investment To Over £3 Billion With New Five-Year Plan

Published on : Thursday, June 14, 2018

Gatwick AirportChief Executive, Stewart Wingate is today announcing the new five-year Capital Investment Plan (CIP) for Gatwick Airport at the British-Irish Airports Expo in London. The airport will spend £1.11 billion up to 2023, with £266 million planned for 2018/19 alone.

 

 

Gatwick expects to continue growing its long-haul operation and predicts that passenger numbers will increase to nearly 53 million by 2023.  The airport is committed to exploring how to grow sustainably, while supporting the local and national economy, improving facilities and continuing to transform services for passengers. Since the airport changed ownership in December 2009 the total investment figure, combined with this new five- year plan rises to £3.14 billion.

 

 

Wide-ranging projects are identified across the airport with a number of significant and exciting projects getting underway this year including:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gatwick’s Chief Executive, Stewart Wingate, said:

“Gatwick is a major piece of national infrastructure, and our continued growth and ability to attract long-haul airlines is vital for the health of the UK economy, particularly in a post-Brexit world. We are exploring ways to grow our capacity, including developing new systems and processes to handle more passengers, and considering how we use all our existing infrastructure in the future. 

 

 

“By committing to spend another £1.11 billion, Gatwick can continue to grow sustainably, attract new airlines and offer more global connections, while providing an excellent service to passengers.

 

“This year we will welcome new quieter aircraft with the introduction of A321s by easyJet and we are developing our infrastructure now, by reconfiguring airfield stands and planning for the construction of a major extension to our Pier 6 facility. These initiatives will support this next phase of growth.

 

“Looking beyond this capital investment programme, we welcome the Government’s support for airports making best use of their existing runways and we will plan for our longer term future by developing a Masterplan later this year”.

 

 

 

Gatwick is widely recognised for its award winning technological innovation– and has also identified a number of emerging projects which look to harness technology to further improve efficiency and service.  Examples of these include:

 

 

 

 

 

 

 

 

The Capital Investment Programme is a rolling five year plan which is published annually. This allows the CIP to be refreshed regularly as market conditions and operational needs change.

 

Source:- Gatwick Airport

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