Manchester Airport rolls out £1bn expansion plan

Aaron Morby 9 years ago
Share

The owners of Manchester Airport have unveiled a 10-year spending plan to more than double the size of Terminal Two and link it to an improved Terminal Three.

Under the fresh expansion plan, which will see the airport’s existing investment plans fast-tracked and supplemented with extra borrowing, Terminal One, which was built in 1962, will be phased out by 2022.

Plans for the  Airport Transformation Programme are now in the final stages and work could start as early as April 2016.

Manchester Airport

The dramatic expansion scheme has been prompted by the second phase of HS2 and the Government’s plan to improve east-west rail connections of HS3 as part of the development of a Northern Powerhouse.

Manchester Airport Group estimates that by 2050 around 55m passengers will use the airport hub every year, more than doubling the current 23m.

Britain’s third biggest airport revealed its ambitions as Heathrow is vying with Gatwick for backing for expansion from a commission due to report this summer.

During this period of uncertainty Manchester Airport has been expanding its long-haul routes, giving passengers an alternative to travelling south to Heathrow.

Latest news

Gove approves controversial Cambridge North mixed-use scheme

Goverment backs 424 flats and 600,000 sq ft of tech and lab space near station
59 mins ago

Pontins holiday park to house Sizewell C builders

Suffolkt holiday park to house 500 nuclear construction workers
46 mins ago

Housing firm fined £528,000 after cable strike

Maintenance workers given no information on underground services
15 mins ago

Berkeley subbies face six weeks without payments

Introduction of new finance software means payment hiatus for suppliers
23 hours ago

Pagabo reveals 56 winners of latest £1.6bn retrofit deal

Decarbonisation Solutions Framework launched: Full list of winners
23 hours ago

Go-ahead for £100m Liverpool Love Lane flats

500-flat scheme will be built across four blocks in Vauxhall area of city
23 hours ago

Unions win HS2 site access battle at Old Oak Common job

Skanska, Costain, Strabag JV now the last denying unions access to HS2 sites
22 hours ago

Contractors jack 1,100t viaduct into place in 13-hour operation

158m-long composite deck structure jacked into place 10-hours ahead of schedule
23 hours ago

Wates wins former Daily Mail printworks transformation

British Land advances major cultural venue at London’s Canada Water
2 days ago

Mace poaches Ramboll chief to be Head of Engineering

Martin Feakes will develop civil and structural engineering offer at Mace
2 days ago

Subcontractors form alliance for major civils jobs

Trio of specialists join forces to collaborate and offer Tier 1 contractors a turnkey solution
2 days ago

Fear of supply chain failures boosting collaboration

Procurement survey also reveals project bank account use is rising
2 days ago

Wates sets up business to target 160,000 mouldy social homes

Healthy Homes service will be offered to social landlords across England
2 days ago

Higgins wins £75m Peabody Passive House job

Latest phase of Deptford Landings to start construction
2 days ago

Contractors and unions agree Sizewell C working deal

New deal offers improved sick pay and parental leave over Hinkley Point deal
2 days ago

Competition chiefs win legal fight for more construction raids

High Court rules CMA officials can raid a domestic property as part of investigation
3 days ago

More Osborne companies file administration notices

Three more divisions lodge notices with court
3 days ago

McLaren wins multi-storey urban logistics contract

South London win with British Land is pioneering urban logistics hub
3 days ago

Big social housing schemes at risk over funding uncertainty

Housing associations warn uncertainty over public funding beyond 2026 is curbing new schemes
3 days ago

Kier wins Worcestershire town centre renewal

Firm secures Bromsgrove commercial and cultural hub project
3 days ago

BAM signs Kent school contract at £42m

Sevenoaks school rebuild signed off at £8m more than first estimates
3 days ago

RG Group signs £121m Newcastle rental homes job

Developer Olympian Homes advances 519 flats plan at Pottery Lane site
6 days ago

Geoffrey Osborne files administration notice

Contractor in talks to save parts of the business
6 days ago

Winners named for £260m Manchester Uni framework

B&K, Henry Bros, Graham, Robertson and Vinci among new line-up
6 days ago

Shed specialist Benniman rides out market lull

Worcestershire warehouse builder says industrial and logistics work is picking up again
6 days ago

Another contractor cleared after high profile immigration raid

Adana Construction employees were working legally on site swooped on by Home Office
6 days ago

McAleer & Rushe wants to meet new London suppliers

Contractor holding Meet the Buyer event in London: Register now
6 days ago

McAlpine signs £500m Broadgate dual towers deal

Work to start on iconic 36-storey and 21-storey towers
7 days ago

Worker rescued from collapsed four metre deep trench

Fire crews take six hours to save trapped builder near Blackwall Tunnel
7 days ago

Gove puts another major building scheme on hold

Secretary of State starts another planning fight after M&S defeat
1 week ago

Contractor services