BritishAmerican Business (BAB) Publishes Statement on Heathrow Expansion Approval
On 5 June 2018, Heathrow Airport received approval from the UK Government for the construction of a third runway at its airport in West London, England, outlined in the latest Airports National Policy statement by Secretary of State for Transport, the Rt Hon Chris Grayling MP. The proposed £14bn private investment is projected to create approximately 60,000 new jobs and double Heathrow’s cargo capacity, generating up to £74bn in economic benefits.
BAB welcomed the UK Government’s support of Heathrow’s case for a third runway, through which it can maintain its position as the UK’s only Hub airport and the largest port by value to markets outside the EU and Switzerland. The UK’s airports are critical in maintaining our connection with the world, both for business and tourism.