Heathrow has submitted a final proposal for a third runway and expansion costing 49 billion R1,2 trillion.
The privately financed project comprises three main elements, including21 billion R505 billion for the new runway and airfield infrastructure 12 billion R289 billion for a new terminal, T5X, and stand capacity and 15 billion R361 billion for modernising the current airport by expanding Terminal 2 and closing Terminal 3.
A third runway and supporting infrastructure can be ready within a decade, and the full investment across all terminals would take place over the coming decades, said a statement from London Heathrow.
The plans include a full-length 3 500-metre runway to the northwest of the existing airport, that would enable at least 30 new daily routes, extradomestic connections and a better selection of flight times.Heathrows plan would see up to 276 000 new flights a year.
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 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, said Heathrow CEO, Thomas Woldbye .