Cost of Heathrow and Gatwick expansions have been underestimated

Sorry, no compatible source and playback technology were found for this video. Try using another browser like Chrome or download the latest Adobe Flash Player.

Sorry, video is not available for your device…

Cost of Heathrow and Gatwick expansions have been underestimated
11th November 2014

In a report released by the Airports Commission this morning, it was announced that the cost of expanding both Gatwick and Heathrow has been underestimated and both would cost between £2bn - £4bn more than first estimated.  

The report announced Sir Howard Davies and his team have further looked into the three major sites for the London airport expansion. The three options are “Boris Island” in the Thames Estuary, a second runway at Gatwick or a third airport for Heathrow. However, the estuary airport is currently thought to be the least likely to go ahead. 

The report concluded a Heathrow expansion would likely be the most financially beneficial to both the London and UK economy, though a Gatwick expansion would be far less costly. 

The report means the debate will now go to public consultation, although the final decision rests with government. 

More in News

Sexual abuse victim Ione Wells on how she found hope again

While her own attacker reflects on his actions – Ms Wells hosts workshops in schools and colleges to talk to young people about consent

Lord Leach: Only 'big picture' reform will keep Britain in the EU

Through his think-tank Open Europe, Lord Leach is at the heart of the referendum debate, consulted by both camps. He explains to Margareta Pagano...

Ex-Autonomy chiefs say HP was warned over revenue growth

A due diligence report  for HP mentioned accounting differences