Chancellor Philip Hammond, Transport Secretary Chris Grayling and Communities Secretary Sajid Javid have announced a new £344m expansion programme at London City Airport.
The approved scheme includes plans for an extended terminal to create the space to cope with extra number of passengers and services; a new aircraft taxiway to allow for more planes and new parking areas to cater for larger, more modern planes.
The expansion programme will mean more flights at peak times, with bigger, newer and, most importantly, quieter planes.
London City Airport expects the project will create 1,600 airport employment opportunities, along with 500 construction jobs.
Investments will also be made in transport links around the airport, including funding the cost of additional DLR rolling stock (£2.6m), investing in a bus and taxi access scheme and improving walking and cycle routes to the airport.
It is envisaged the expansion programme will not only enhance passengers’ journeys but will also increase connections within the UK and Europe to support businesses opportunities and investment. A potential £1.5Bn could be contributed to the UK economy by 2025.
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.”
Transport Secretary, Chris Grayling, said that the scheme would provide a significant boost to the construction industry. He commented: “These new plans for London City Airport will deliver jobs and business in the capital and more widely. Companies across the UK will be able to bid for construction and procurement contracts worth £294m, meaning the benefits will be felt up and down the country.”