Gatwick investment reaches more than £3 billion with new five-year plan
Gatwick Airport has unveiled a new five-year spending plan which will see the airport spend up to £1.1 billion between now and 2023.
As part of the new plan, airport management will spend £266 million in 2018-2019 alone.
The new Capital Investment Plan will support airline growth and enhance the passenger experience. The airport aims to increase passenger numbers to nearly 53 million by 2023.
Since changing ownership in 2009, Gatwick Airport management will have invested a total of £3.14 when the newly announced funds are factored in.
Where will the investment be spent?
A series of projects are set to commence as part of the new five-year plan. Work will soon begin on the Pier 6 Western Extension and a new domestic arrivals area. A mezzanine level extension in the North Terminal’s departure lounge will also be developed. This will make room for new shops and restaurants, offering more choice to passengers. In addition, the South Terminal will be extended to increase its hotel capacity.
A new hangar will be open next year, to accommodate the growing popularity of long-haul flights out of Gatwick Airport.
Gatwick will continue to lead the way for technological innovations as the Capital Investment Plan is rolled out. A trial of biometric self-boarding will kick off soon, while self-service bag drop areas are set to launch at both terminals. Electric vehicle drivers will see more support and facilities, as part of Gatwick’s ongoing plans to reduce its impact on the environment and be the most sustainable airport in the UK.
Furthermore, the North Terminal will have a new reception centre for customers with reduced mobility, in order to improve their airport experience.
Gatwick’s Chief Executive, Stewart Wingate, said:
“Gatwick is a major piece of national infrastructure, and our continued growth and ability to attract long-haul airlines is vital for the health of the UK economy, particularly in a post-Brexit world. We are exploring ways to grow our capacity, including developing new systems and processes to handle more passengers, and considering how we use all our existing infrastructure in the future.
“By committing to spend another £1.11 billion, Gatwick can continue to grow sustainably, attract new airlines and offer more global connections, while providing an excellent service to passengers.
“This year we will welcome new quieter aircraft with the introduction of A321s by easyJet and we are developing our infrastructure now, by reconfiguring airfield stands and planning for the construction of a major extension to our Pier 6 facility. These initiatives will support this next phase of growth.
“Looking beyond this capital investment programme, we welcome the Government’s support for airports making best use of their existing runways and we will plan for our longer term future by developing a Masterplan later this year”.