A £344 million expansion programme at London City Airport has been approved by the UK government which will potentially add £1.5 billion to the economy by 2025.
The City Airport Development Programme (CADP) is a £344 million privately funded investment.
The programme includes plans for:
- 7 new aircraft stands
- Parallel taxiway
- Passenger terminal extension
The airport believes CADP will allow it to handle 6.5 million passengers by 2025.
Furthermore, CADP will create 1,600 airport jobs, together with 500 construction jobs, and inject £1.5 billion each year into the economy.
CADP also includes provisions for a number of investments in transport links around London City Airport. This will include funding for additional DLR rolling stock at an estimated cost of £2.6 million, investment in a bus and taxi access scheme and improving walking and cycle routes to the airport.
Chris Grayling, Transport Secretary stated: “These new plans for London City Airport will deliver jobs and business in the capital and more widely. Companies across the UK will be able to bid for construction and procurement contracts worth £294 million, meaning the benefits will be felt up and down the country.”
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