The developer behind the Heathrow Hub, an independent and alternative proposal for expanding capacity at Heathrow Airport, has produced a cheaper option which reduces the cost of the proposed project by £2bn to £7.5bn.
It claimed the option is £2bn cheaper than its original plan and £5bn cheaper than the airport’s expansion plans or the proposed second runway at Gatwick. It has given the proposals to the Department for Transport and Heathrow Airport Holdings Ltd (HAL).
The Heathrow Hub proposal involves doubling capacity by extending and dividing the airport at the northern runway.
“Just like Heathrow Airport’s third runway proposal, we too can offer a ‘no frills’ option of £7.5bn, a cost reduction of £2bn, whilst still boosting potential capacity to 750,000 air traffic movements post expansion. Based on many of the same assumptions and cost savings as HAL’s revised plan, our modifications would deliver a more basic terminal,” said Heathrow Hub director Jock Lowe.
“The specification in our main proposal is for a T5 standard terminal; but we can deliver a lower cost facility, the same as HAL is now proposing, if that is what ministers want. However, it remains our view that Heathrow Airport is a premium destination which should have premium terminals and facilities.
“Another major advantage of our scheme over Heathrow Airport’s is that construction can be phased, meaning that costs can be spread and runway capacity released only as noise and air quality targets are met and as demand requires. Our no frills first phase would cost just £3.2bn.
“The key fact remains that our proposal would be simpler, cheaper, quicker and easier than building a third runway at Heathrow Airport.”