Gatwick has announced its new investment plan of £1.11 billion to be spent up to 2023, writes Jill Sayles.
A new five-year Capital Investment Plan (CIP) for Gatwick Airport was unveiled by the airport’s chief executive, Stewart Wingate.
The airport will spend £1.11 billion up to 2023, with £266 million planned for 2018/19.
Gatwick expects to continue growing its long-haul operation and predicts that passenger numbers will increase to nearly 53 million by 2023. Since the airport changed ownership in December 2009, the total investment figure, combined with this new five- year plan rises to £3.14 billion.
New projects beginning this year include the Pier 6 Western Extension (pictured). Work will also start on enabling Pier 5 to handle the A380 aircraft, so that it can move from its current home on Pier 6. This will also involve the widening and reconfiguration of a taxiway to accommodate the 80-metre wingspan of the A380. There will also be a new domestic arrivals facility, including a new baggage reclaim in South Terminal, and a new mezzanine level extension in the North Terminal departure lounge to accommodate new restaurants.
Other projects can be seen here
Stewart Wingate, Gatwick chief executive, 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”.