Heathrow Airport has submitted plans to construct a third runway and invest £49bn ($65.04bn) in a major transformation of the UK’s largest airport.
The proposal aligns with the UK government’s economic growth strategy, seeking to further enhance the airport’s capacity and service offerings.
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The expansion would introduce at least 30 new daily routes, improve domestic connections, and offer more flexible flight schedules. The new runway, if built, is expected to be operational within ten years.
The redesign of the airfield promises more reliable journeys, competitive fares through an expanded airline selection, and improved terminal accessibility.
Heathrow’s expansion is projected to increase the UK’s gross domestic product (GDP) by 0.43% and enhance the airport’s capacity by 50%, supporting over £200bn in annual trade.
The plans include a north-western runway, additional capacity for 756,000 flights and 150 million passengers, a new terminal named T5X, and three satellite terminals.
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By GlobalDataThe £49bn investment includes the modernisation of existing infrastructure. This comprises £21bn for the airport’s runway and airfield infrastructure, £12bn for new terminal capacity, and £15bn for upgrading existing facilities.
The project aims to enhance public transport options, including improved rail services and new cycling and walking routes, alongside environmental commitments to achieve net-zero emissions by 2050.
Heathrow says it has already reduced its carbon emissions from flights by 10% and on the ground by 15% since 2019.
The airport is seeking a regulatory framework that supports growth and investment while remaining affordable for consumers.
The airport’s previous projects such as Terminals 2 and 5 have been delivered on time and on budget, demonstrating its capability to manage large-scale developments.
Government feedback is anticipated by next month to adhere to the proposed timeline.
Heathrow Airport CEO Thomas Woldbye said: “It has never been more important or urgent to expand Heathrow. We are effectively operating at capacity to the detriment of trade and connectivity.
“With a green light from the government and the correct policy support underpinned by a fit-for-purpose regulatory model, we are ready to mobilise and start investing this year in our supply chain across the country. We are uniquely placed to do this for the country; it is time to clear the way for take-off.”
