The City Airport Development Programme (CADP) is a $453 million privately funded investment which includes plans for 7 new aircraft stands, a parallel taxiway and passenger terminal extension.
The development will transform the airport, adding increased passenger capacity, as well as the ability to welcome quieter, next generation aircraft. Last year the airport welcomed a record-breaking 4.3 million passengers.
Philip Hammond MP, the Chancellor of the Exchequer, and Lord Ahmad of Wimbledon, Aviation Minister, confirmed the Government’s approval during a visit to the airport, following confirmation from Transport Secretary Chris Grayling and Communities Secretary Sajid Javid.
Declan Collier, CEO, London City Airport, said: “The new Government has shown it is ready to act in the best interests of the British economy. Expansion at London City Airport will create more than 2,000 new jobs, add much-needed aviation capacity in the South East and generate an additional $989m per year for the UK economy. As the airport serving by far the highest proportion of business travellers in the UK (52%), who do some $14.5bn of trade in Europe annually, the Government has sent a strong message that London and the UK are very much open for business. I welcome the decision and look forward to delivering new airport capacity for the South East by 2019.”
The construction phase of development will create 500 jobs and a further 1,600 jobs once completed. Under the plans the airport can add approximately a further 32,000 flights by 2025, movements which are already permitted, helping to unlock more air capacity within London’s airport system in advance of a new runway for the South East of England.
It will also open up opportunities for airlines for longer-haul destinations including The Gulf and Middle East, Turkey, Russia and the east coast of the United States.
