Heathrow Heathrow welcomes Government decision on expansion (4320N)
26 October 2016 - 2:14AM
UK Regulatory
TIDM88BX TIDM62CD
RNS Number : 4320N
Heathrow
25 October 2016
Immediate Release
Government's choice for Heathrow expansion will help deliver the
Prime Minister's vision of a stronger, fairer UK
Heathrow today welcomed Government's decision to support its
expansion and confirmed it will begin work to deliver the new
runway that will connect all of Britain to the world, bringing new
jobs and economic growth to every nation and region of the UK.
The decision declares Britain "open for business". Expanding
Heathrow will keep Britain growing at the heart of the global
economy, do more than any other infrastructure project to share
economic growth all around the UK and deliver more competition and
choice for passengers.
Independent polling in June 2016 showed that almost 70% of MPs
polled support expansion. Since then the Scottish Government has
endorsed a third runway at Heathrow as having the biggest jobs and
growth benefits for Scotland.
Expansion of Heathrow is also supported by business, trade
unions and airlines as the best solution to Britain's aviation
capacity crunch. Supporters include the CBI, BCC, chambers of
commerce across the country, Unite, the GMB, 37 British airports
and airlines such as easyJet and Flybe, which plan to operate from
an expanded Heathrow. In constituencies close to the airport
polling has shown there is more backing than opposition.
The Government's decision follows the unanimous and unambiguous
recommendation of the Airports Commission last summer after a two
and a half year, GBP20m study. The Commission confirmed that
expanding Heathrow would have the biggest economic benefits for the
UK and can be done while reducing noise for local communities and
in accordance with EU air quality law.
When it opens in 2025, new airport hub capacity will allow up to
40 more long haul destinations, such as Wuhan, Osaka and Quito,
making Britain the best connected country in the world. It will
increase the number of domestic routes served, ensuring every
region and nation of the UK can get to global markets and increase
cargo capacity, supporting Britain's exporters.
Heathrow is one of the most experienced infrastructure delivery
companies in the UK having spent GBP11bn over a decade to transform
into the best hub airport in Europe. This included a new Terminal 2
and Terminal 5, the latter of which has been voted by passengers as
the best in the world four years in a row.
John Holland-Kaye, Chief Executive of Heathrow Airport said:
"Today, the team at Heathrow start the important work to deliver
the vital new runway that the UK needs to compete in the world. A
new runway will open trade routes and create jobs up and down the
UK. Heathrow will play a key role in making our country stronger
and fairer for everyone.
"We look forward to working with Government, businesses,
airlines, the CAA and our local communities to deliver an airport
that is fair, affordable and secures the benefits of expansion for
the whole of the UK."
A full CGI video of Heathrow's plans can be downloaded here
alongside more information on Heathrow's plans here.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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