Heathrow calls for fresh ideas on airport expansion

Aaron Morby 6 years ago
Share

Heathrow Airport is launching a pitch process to court innovative ideas on how to deliver its planned airport expansion.

The call for fresh thinking from UK businesses and entrepreneurs includes the possibility of taking on board radical ideas within the existing scope of the third runway plan.

The airport owner has already floated a cut-price option for the third runway project, which includes dropping plans for a new terminal in favour of expanding existing passenger facilities at Terminal 2 and Terminal 5.

This includes phasing construction to incrementally increase terminal capacity in blocks to better match growing demand.

This option would slash £2.5bn from estimated costs bringing the project down to £14bn.

Its call for new ideas about how to improve overall affordability, sustainability or passenger experience comes as Heathrow Airport prepares to finalise its preferred masterplan by the end of the year.

Any organisation or individual that can bring significant value to the critical infrastructure project could be in the frame to become a future commercial development partner.

Interested businesses and entrepreneurs will be told in the next fortnight how they can register their interest and details of the eligibility criteria will be posted online.

From there, time will be given for long listed parties to form top line business cases.  Those that make it through to the short list will be invited to a pitch process with senior Heathrow decision makers.

During the public consultation period last summer wealthy hotel owner Surinder Arora outlined plans to knock a startling £6.7 bn off the cost of the project.

This involved scrapping the expansion of Heathrow Terminal 2 and an airside passenger transit system as well as shifting the runway so that it does not impact on the M25 and M4.

John Holland-Kaye, Chief Executive Officer at Heathrow Airport said: “We have had a number of people approach us during this year’s public consultation, so we have decided to open up a competitive process that will give those with the best ideas a chance to work with us.

“We are willing to work with anyone who shares our values and who is committed to delivering on the promises we have made on the environment, to our neighbours and to the country.”

“As we prepare the final masterplan, it is a good time to listen to any proposals that can help us to make Heathrow the most successful hub airport in the world, in a way that is sustainable, affordable and financeable.”

Latest news

Squibb liquidator probes £2m of “missing” plant

Machinery, cars and scrap metal have disappeared at demolition specialist
1 hour ago

Galliford Try to re-enter affordable homes market

Contractor sets out new five-year plan to build margin to 4%
51 mins ago

Former Sellar chief to lead civils contractor Kilnbridge

Owen Dannatt joins as new CEO as founder Dermot McDermott becomes Chairman
56 mins ago

Hunt starts for nuclear fusion plant construction partner

Fusion energy plant to be built at West Burton coal power station site.
46 mins ago

National Grid raises £7bn for big infrastructure upgrade

Rights issue to fund a major round of capital investment in energy infrastructure
25 mins ago

Grenfell police probe to last at least until end of 2025

19 companies and 58 individuals could eventually face charges
10 hours ago

Mace confirmed on £100m London office retrofit

Work underway on Helical's 100 New Bridge Street job near Ludgate Circus
21 hours ago

Wylfa chosen for next big nuclear power station build

Government names Anglesey site for a large-scale gigawatt nuclear power plant.
1 day ago

Bowmer & Kirkland trading profit halves

Contractor buys HVAC specialist Adcock despite challenging market
1 day ago

Piling specialist Van Elle plans further job cuts

Piling specialist plans further cost savings in face of lower demand
1 day ago

Civils contractor A Catlow files administration notice

High voltage cable specialist lodges court notice
1 day ago

Green light for ARC Oxford lab campus

Work to start later this year on £40m Ascent building job
1 day ago

Stonehenge tunnel hit by another legal delay

Court upholds latest appeal against £1.7bn scheme by campaigners
2 days ago

Plans go in for huge Olympic Park construction hub

Bow Goods Yard could deliver 3.5m tonnes of materials a year to sites across London
2 days ago

40% affordable homes target for Labour’s new towns

Labour pledges to select new town sites by end of first year
2 days ago

Plan for £100m Liverpool Baltic station

Construction work could begin next year
2 days ago

Surgo Construction went down owing £4.5m

Biggest creditor is Bellway Homes after dispute on housing job
2 days ago

Vistry seals £157m West London housing deal

Around 575 homes to be built at Merrick Place scheme in Ealing
2 days ago

Streamlined Watkin Jones returns to profit in first half

Multi-room specialist sees secured work pipeline hit £1.4bn
2 days ago

Bellway hires ex-brickie as group construction chief

James Griffin to oversee move to the Future Homes Standard and timber frame.
2 days ago

Persimmon under fire for delays to £10m relief road

West Suffolk Council serves Breach of Condition Notices after timetable slips again
2 days ago

BAM wins £33m Kent secondary school job

Replacement Swanley academy to be built at live school site
2 days ago

Aluminium cladding specialist collapses

Melton Mowbray-based firm worked for several main contractors
3 days ago

Brickwork contractor Lee Marley returns to profit

Affordable and rental homes demand lifts brickwork contractor
3 days ago

Housing contractor Durkan suffers second year of losses

More fire safety provisions tip firm into £3.9m loss
3 days ago

Farrans makes breakthrough on tricky tunnel job

Tunnel under Tees latest part of new £155m water pipeline job
3 days ago

Heidelberg buys aggregates and earthworks specialist B&A

Latest deal follows acquisition of Mick George
3 days ago

Flagship biodiversity net gain scheme flawed

NAO warns Government's flagship green development scheme at risk of failure
6 days ago

Plan in for £3bn Lincolnshire mega data centre

3.3m sq ft Humber Tech Park will be one of Europe's largest data centres
6 days ago

Green light for Digbeth 1,300 homes scheme

Warner’s Fields scheme to start with excavation and landscaping of the River Rea
6 days ago

Contractor services