Five-year plan continues current rate of investment
The owners of Gatwick are to invest 拢1bn in capital works to further upgrade the airport between 2014 and 2019, they announced today.
The airport, owned by a consortium led by Global Infrastructure Partners, said it was planning a range of improvements to better the customer experience at the airport.
The five-year investment, which comes in the face of huge political uncertainty over the future role of existing London airports and lower than expected passenger numbers, is a continuation of the 拢1.2bn planned investment over six years between 2008 and 2014.
The announcement comes after Heathrow Airport this week launched a huge 拢3bn investment programme over the same period.
Improvements will include continued transformation of check-in areas, a new security area in North Terminal, and the redevelopment of Pier 1 鈥� the UK鈥檚 oldest pier.
The announcement will affect the ten contractors on Gatwick鈥檚 framework, which are Balfour Beatty, Bouygues, Carillion, Costain, Laing O鈥橰ourke, Vinci, VolkerFitzpatrick, Willmott Dixon, Mace and Morgan Sindall, as well as those consultants on the professional services framework. These are: Atkins, HOK, Jacobs, Morgan Sindall Professional Services and Pascal & Watson for architectural services, and Arup, Halcrow, Jacobs, Scott Wilson as civil engineers.
Gatwick claims to have invested 拢892m of the 拢1.2bn planned for the airport between 2008 and 2014 already, at a rate of 拢20m spent per month.
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