Heathrow begins spending on building third runway

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Investment in the expansion of Heathrow airport has already started – just days after the Government backed plans for a third runway.

The airport said that 95% of the project’s procurement spending will be with the British supply chain and the process of investing £50m into this before the end of next year is under way.

It is estimated 2,700 jobs, including engineers, architects and planning managers will be created in the process.

Heathrow chief executive John Holland-Kaye said the process of pumping hundreds of millions of pounds into expanding the airport started over the weekend.

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He said the investment into the British supply chain will help to “build an airport that is fair, affordable and secures the benefits of expansion for the whole of the UK.”

“Over the coming years, I look forward to working with our new partners to create thousands of decent jobs across the UK as together we deliver Britain’s new runway,” he added.

The British Chambers of Commerce, the Confederation of British Industry, Unite and the TUC were among the dozen organisations who pledged their commitment to the third runway.

The Government attached conditions to the £17.6bn project including a six and a half hour night-flight ban, more stringent noise conditions and a £2.6bn compensation fund for residents.

However, considerable obstacles still remain as local authorities, residents under the airport’s flight path and even Conservative MPs and London’s mayor have pledged to oppose construction.

Heathrow has said work will begin in 2021 and the runway should be open by 2025

News article by: http://www.964eagle.co.uk/