Heathrow Airport is moving forward with new plans for a third runway, aiming to address capacity issues and boost the UK’s aviation sector. Earlier this month, Heathrow Airport Limited (HAL) submitted a proposal that would see an operational third runway built within the next decade at an estimated cost of $28.2 billion (£21 billion).
The UK’s aviation industry currently contributes about $160 billion to the national economy, according to the International Air Transport Association (IATA). HAL claims its expansion plan would create thousands of jobs and add around 0.43% to the country’s GDP. The airport, which operates near full capacity with two runways, handled almost 84 million passengers and about 474,000 aircraft movements last year.
The proposed north-western runway would be up to 3,500 meters long and increase annual capacity to roughly 756,000 flights and 150 million passengers—almost double current levels. This added capacity could open up at least 30 new destinations and allow airlines more frequent services on existing routes.