Heathrow Airport's chief executive, Thomas Woldbye, has announced a major multibillion-pound private investment aimed at expanding the airport's infrastructure, particularly with a proposed third runway. This initiative responds to the Chancellor's call for increased construction and aims to enhance the airport's capacity at Terminal 5 and Terminal 2, along with airfield reconfiguration. While specific costs are yet to be determined, Woldbye emphasized that the investment will bolster UK economic growth and must comply with environmental regulations. Formal plans for the runway will be submitted to the Government soon, marking a significant milestone for Heathrow's expansion.
This privately-funded programme will upgrade existing infrastructure while laying the groundwork for a third runway, boosting UK investment and economic growth, with tangible benefits felt this year.
A third runway is critical for the country's future economic success, and I confirm we will submit our plans for a third runway to Government this summer.
This project can only go ahead if we meet the rules on noise, air quality and carbon that the Government sets out in the Airports National Policy Statement - it's as simple as that.
This multibillion-pound investment, the largest private investment ever made in the UK's transport network, will provide the launch pad for a third runway.
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