Gatwick Airport has today announced it will invest £1.15 billion over the next five years – with £240 million planned for 2017/18 alone – as it plans for more growth and improved efficiency, while also maintaining its record levels of passenger satisfaction.
This 2017 Capital Investment Programme (CIP) sets out Gatwick’s investment strategy which continues to improve facilities and transform service. Since the airport changed ownership in December 2009 Gatwick has invested £1.5 billion.
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.
The commitment in this current Capital Investment Programme will bring Gatwick’s total investment plans, since change of ownership through to 2022, to £2.7 billion. 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.
Significant projects identified to help the airport to continue to grow efficiently and sustainably include:
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.”
Gatwick is also committed to maintaining its existing facilities and continuing its programme of improving resilience to ensure passengers consistently receive the best experience possible during their journey through the airport. All of these measures and projects will help take Gatwick from 45 million passengers a year towards 50 million, with growth expected to come from larger aircraft, more long-haul routes, and growth in the winter months.
The Capital Investment Programme (CIP) is a rolling five year plan which is published annually. This allows the CIP to be refreshed regularly as market conditions and operational needs change. It is published on the Gatwick website and can be found here
Gatwick Airport is the UK’s second largest airport and the most efficient single-runway airport in the world. It serves more than 228 destinations in 74 countries for 45 million passengers a year on short and long-haul point-to-point services. It is also a major economic driver for the UK contributing £5.3 billion to national GDP and generating 85,000 jobs nationally, with around 24,000 on the wider airport campus alone. The airport is south of Central London with excellent public transport links, including the Gatwick Express, and is part of the Oyster contactless payment network. Gatwick Airport is owned by a group of international investment funds, of which Global Infrastructure Partners is the largest shareholder.