Understand
Not building third runway would be 'missed opportunity', says Heathrow boss
Overview
Heathrow Airport's chief executive, Thomas Woldbye, has warned that failing to build a third runway at the airport would be a huge missed opportunity for the UK, stating that private investment funds would otherwise go elsewhere in the world. The £33bn expansion project has faced decades of debate, environmental concerns, and opposition, while the current government has yet to clarify its official position.
Key points
- Heathrow boss Thomas Woldbye warned that not building a third runway would result in private investment being diverted elsewhere in the world.
- Woldbye called on the government to clarify its position on the project amid ongoing uncertainty.
- The Department for Transport stated it is reviewing consultation responses and considering next steps for airport expansion.
- Building a third runway is estimated to cost £33bn and would involve demolishing hundreds of homes, diverting rivers, and rerouting a section of the M25 motorway.
- Proponents argue the expansion could deliver around £40bn in economic benefits and increase flight capacity significantly, though it faces local and environmental opposition.