Heathrow airport is set to announce a multibillion-pound expansion plan as it prepares its proposals for a new runway.
In a speech today, the airport’s chief executive Thomas Woldbye will unveil funding for upgrades and expansion.
The plans include boosting the capacity of Terminals 2 and 5, reconfiguring the layout of the airfield, and upgrading bus and coach connections.
It comes after Chancellor Rachel Reeves used a speech on growth last month to give her support for a third runway at Heathrow.
Mr Woldbye is expected to say: ‘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.
‘Heathrow is proud to answer the Chancellor’s call to get Britain building.’
The Government said the investment programme is expected to secure thousands of British steel jobs across the country by driving a significant increase in demand for UK-made steel.
In a speech today, the airport’s chief executive Thomas Woldbye will unveil funding for upgrades and expansion
It comes after Chancellor Rachel Reeves used a speech on growth last month to give her support for a third runway at Heathrow
The Government said the investment programme is expected to secure thousands of British steel jobs across the country by driving a significant increase in demand for UK-made steel. Pictured: Artist impression of how Heathrow will look
Mr Woldbye will add: ‘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.
‘Ahead of then, as part of a phased expansion programme and supported by the Government’s clear backing, I am today confirming multibillion-pound investment plans, 100per cent privately-funded, to upgrade our terminal buildings, enhance passenger experience, and improve resilience and sustainability.
‘This is vital investment and will ensure Heathrow remains globally competitive and a jewel in the country’s crown.’
Mr Woldbye will insist the project can be carried out ‘responsibly’ because of ‘strict environmental safeguards’.
