LONDON: London's Heathrow Airport on Friday unveiled a £49 billion expansion plan, including the costs of building a long-awaited third runway, approved by the UK government after years of legal wrangling.
The runway would cost £21 billion, with flights expected to take off within a decade, while the rest of the privately-funded investment will go towards expanding and modernising the airport.
Heathrow, Europe's busiest airport by passenger numbers, said the expansion would provide at least 30 new daily routes, more domestic connections and improved flight times.
The increased capacity would almost double the number of annual passengers from 84 million currently to up to 150 million passengers annually.
"It has never been more important or urgent to expand Heathrow", said chief executive Thomas Woldbye. "We are effectively operating at capacity to the detriment of trade and connectivity", he added.
Despite fierce opposition from environmentalists and local residents, London mayor Sadiq Khan and some Labour MPs, the Labour government backed the new runway in January in a bid to boost UK economic growth.
It would be a rare expansion in Europe, where countries are split between efforts to reduce greenhouse gas emissions and the needs of a strategic sector that has seen demand grow.
Heathrow has submitted its proposal for the 3,500 metre runway to the UK government, which has also invited a rival proposal. — AFP
Oman Observer is now on the WhatsApp channel. Click here
