14-Jun-2018 11:23 AM

Gatwick Airport announces GBP1.1bn capital investment plan

London Gatwick Airport announced (13-Jun-2018) a new five year capital investment plan (CIP). Highlights include:

  • GBP1.1 billion to be spent up to 2023, with GBP266 million planned for 2018/2019;
  • Total investment since the airport changed ownership in Dec-2009 increases to GBP3.1 billion;
  • CIP to be a rolling five year plan which is published annually, allowing the CIP to be altered as market conditions and operational needs change;
  • Pier extensions: Phase 1 works to enable Pier 5 to handle A380 aircraft;
  • New domestic arrivals facility, including a new baggage reclaim in South Terminal;
  • New mezzanine level extension in the North Terminal departure lounge to accommodate new restaurants;
  • Completion of the road system and taxiway entrance to new Boeing aircraft hangar to connect the airfield and new facility;
  • Trial of biometric auto boarding technology in the North Terminal and extending the rollout of self service bag drop across both Terminals;
  • Redevelopment of South Terminal hotel capacity;
  • Completion of the South Terminal long stay car park decking project, providing an additional 1200 car parking spaces for summer 2018;
  • Enabling works for Network Rail's planned upgrade to the Gatwick station;
  • Investment in joint equipment for ground handlers to drive efficiency for airfield and baggage operations;
  • New reception centre for passengers with reduced mobility in the North Terminal.

London Gatwick Airport CEO Stewart Wingate commented: "Gatwick is a major piece of national infrastructure, and our continued growth and ability to attract long-haul airlines is vital for the health of the UK economy, particularly in a post-Brexit world. We are exploring ways to grow our capacity, including developing new systems and processes to handle more passengers, and considering how we use all our existing infrastructure in the future". [more - original PR]

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