£344m London City Airport expansion hailed by Chancellor
Wednesday July 27th, 2016
London City Airport expansion will create 1,600 airport jobs and potentially add £1.5 billion to the UK economy by 2025.
In a major boost to improve passengers’ journeys and support British jobs and investment, Chancellor Philip Hammond, Transport Secretary Chris Grayling and Communities Secretary Sajid Javid have announced the go-ahead for a brand new £344 million expansion programme at London City Airport.
The three ministers announced the approved plans for an extended terminal, new aircraft taxiway and parking spaces for planes in one of the capital’s fastest growing airports.
Set to improve passengers’ journeys, these new plans will increase connections within the UK and Europe and support business opportunities and investment.
London City Airport also estimates that the scheme will create 1,600 airport jobs for staff, together with 500 construction jobs, and could potentially contribute £1.5 billion to the UK economy by 2025.
There will be new space for planes to taxi to and from the runway, so more planes can use it, and new stands for planes to allow bigger, more modern planes to use the airport. This will mean more flights at peak times, with bigger, newer and, most importantly, quieter planes. An extended terminal will give the airport the space it needs to cope with the increase in passengers and services, bringing a better passenger experience.
London City Airport will also make a number of investments in transport links around the airport, including funding the cost of additional DLR rolling stock (£2.6 million), investing in a bus and taxi access scheme and improving walking and cycle routes to the airport.
Chancellor of the Exchequer, Philip Hammond said:
“London City Airport’s ambitious growth plans will boost international connections, strengthening the City of London’s links to destinations across the world, and send a clear signal that Britain is open for business. Making it easier to visit and do business in the City of London will help drive forward our economy and further strengthen the city’s status as the world’s leading financial centre.
This is a real vote of confidence in the resilience of our economy, creating over a thousand new jobs.”
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