Heathrow must develop or die, stress owners
Develop or die: that was the message from the owners of Heathrow yesterday as they unveiled expansion plans that could see Europe's busiest airport increase capacity by 50pc with a third, and fourth, runway.
Heathrow's "pick-and-mix" submission to the Davies Commission, which is evaluating solutions to the aviation capacity crunch, surprised industry observers. Three potential locations just outside the existing perimeter are offered for a third runway, with another trio of options providing for a fourth.
The bosses of Heathrow Airport Holdings chose the Tate Modern in London to reveal its works-in-progress. The quickest option is a short runway due north of the present site, which would cost around £14bn and be ready by 2025. A longer £40bn run could open in 2026.