Leeds Bradford Airport in the UK has ditched plans to construct a new £150m terminal.
The airport authorities had cited ‘excessive’ delays as the reason in addition to a decision in January to hold a public inquiry into the plan, reported BBC.
Go deeper with GlobalData
The airport authorities now plan to focus on extending the current terminal, plans for which Leeds City Council had approved in 2019
Had this plan not been scrapped, it would have seen existing buildings being demolished to build a new 366,000ft2 three-storey terminal being built.
The airport authorities had claimed the new building would be more sustainable and efficient and aid it to meet its carbon net-zero goals by next year.
Leeds Bradford Airport handles four million passengers annually and was allowed to increase this figure to seven million over a 10-year period.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe airport said investment on the project touched £4.2m and it was not willing to “commit a further uncapped sum over an indefinite timeframe into a public inquiry process when their focus needs to be on modernising the airport for the future”.
Leeds Bradford Airport CEO Vincent Hodder said: “It is with regret that we have made the decision to withdraw LBA’s application for the development of a new replacement terminal.
“As the travel and aviation industry continues to recover from the impacts of the pandemic, LBA needs to be able to respond to rapidly increasing demand within the next few years.
“I would like to thank everyone who has supported us in the planning process, from the general public to the business community and councils across Yorkshire.
“Whilst this is a setback for our airport and region, we remain committed to investing in LBA to be an outstanding, decarbonised, modern airport for the future.”
—————————————————————————————————————-
Image: The airport authorities now plan to focus on extending the current terminal. Credit: David Mark from Pixabay
