Not building third runway would be 'huge missed opportunity', warns Heathrow boss
Summary
Heathrow Airport’s chief executive warned that not building a third runway would be a big missed chance for the UK. The airport’s owners may take their investment money elsewhere if the project does not go ahead. The government is still reviewing plans and consulting on whether to support the runway expansion.Key Facts
- Heathrow Airport is the busiest in the UK and serves over 80 million travelers yearly.
- A third runway could increase annual flights from 480,000 to 720,000.
- The runway’s cost is estimated at £33 billion and would involve demolishing homes and rerouting roads.
- The current owners include investors from France, Qatar, Saudi Arabia, and China.
- If the project is not approved, investors may spend their money outside the UK.
- The expansion is expected to create jobs and provide an economic benefit of around £40 billion.
- The new runway was originally planned to open by 2035 but might be delayed to 2039.
- The government supports airport expansion that fits growth and environmental goals but has not yet confirmed backing for Heathrow’s runway.
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