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The Third Runway at Heathrow Airport will add approximately 100 Billion Pounds to the economy of UK

July 2013, 18
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UK
Heathrow Airport stated that its proposed new third runway will garner £100bn for the economy of Britain. The new runway is also useful in solving the air capacity problems of UK. The airport stated in its report to Airports Commission that a new runway is better than constructing a new airport hub. It expressed its options in the report that the runway would cost £14bn to £18bn and will be completed by 2019.

The new runway at Heathrow will also improve transport connections, which would give a boost to trade and also create thousands of more jobs. The chief executive of Heathrow, Colin Matthews, said that UK desperately needed a single airport hub that will provide boost jobs of UK, trade and GDP. He stated that the new runway is a best solution for passengers, taxpayers and business people.     

The new runway will be able to enhance the capacity of Heathrow from 480,000 flights a year to 740,000. The report also called on the Airports Commission to suggest an investment framework towards the construction new runway.

At this juncture, the Airport commission said that it is looking after several options that are available to increase the airport capacity of UK. 

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