Gatwick Airport has released its investment strategy for the next five years, which will see some £1.15Bn invested at the airport.
The investment is part of a plan to increase Gatwick’s growth, looking to see more than 50M passengers per annum, improve efficiency at the airport, and also maintain its record levels of customer satisfaction.
Gatwick Airport is the most efficient single-runway airport in the world and the 2017 Capital Investment Programme (CIP) sets out the strategy to improve the already impressive facilities, which will see some £240M invested in 2017/18 alone.
Over £1.5Bn has been invested in the airport and its facilities since it changed ownership in December 2009 and the current Programme will bring Gatwick’s total investment plans, since change of ownership, to £2.7Bn up to 2022.
The CIP has been developed to ensure that Gatwick’s ambitious growth plans keep pace with rising demand, while also providing the best experience for passengers.
Gatwick’s Construction Director Raymond Melee said: “Since coming into independent ownership, Gatwick has delivered record growth in passenger numbers and long haul services while also taking passenger satisfaction levels to an all-time high. As we plan to grow towards 50 million passengers per annum, we will focus on efficiency and service so that our passengers continue to receive the airport experience they expect, in the most sustainable manner possible.
“We will continue to develop the airport to meet the needs of our airlines and passengers with improvements to the way we operate on the airfield and the service we offer in our terminals. These projects will be delivered in a way that will help us realise our ambition to become the UK’s most sustainable airport.
“Regarding future runway expansion, our financeable and deliverable scheme for a second runway remains on the table. We will deliver a new runway for Britain, in addition to or instead of Heathrow, should the government give us its support now or in the future.”
Projects include: reconfiguring stands to facilitate a changing aircraft mix, building a new hangar in partnership with Boeing, extending Pier 6 to increase pier service levels well beyond its 95% target, adding a new domestic arrivals facility in South Terminal and continuing to roll out its popular self-service bag drop product.