News

Stansted airport in the UK may soon get a second runway and new terminal building.

BAA, the firm which runs the majority of airports in the country, has announced details of its development proposals, which form part of a long-term regeneration of the hub.

The airport operator says that the cost of the new runway and terminal has been reduced by 17.5% since the first estimates were made in 2005.

That means it will cost in the region of £1.4 billion and should be open to the public by 2015.

'With an opening cost of £1.4 billion and a 22% less land take, we are confident of delivering a development that's fit for purpose,' said BAA chief executive officer Stephen Nelson.

'It will provide the increased runway capacity that the UK economy needs, good facilities for passengers and value for money for airlines. We have also worked hard to reduce the impact on the local environment.'

The runway and terminal will give Stansted the capacity to handle an additional 10m passengers and forms just part of the airport's full development.

BAA has plans in place to see the airport's capacity rise to 68m passengers per year by 2030.

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