London Stansted Airport has announced its plans of investing £1.1 billion over the next five years to expand its terminal and cater for 70,000 additional flights each year
London Stansted Airport has announced details of a five-year plan to invest £1.1 billion to expand it’s existing terminal and deliver 70,000 more flights annually.
The travel hub has released plans of a £600 million extension to the airport’s existing terminal as part of a £1.1 billion programme that will aim to deliver a more spacious environment, with additional seating, shops, restaurants, bars and cafes.
The development, once finished, will help the airport to serve up to 43 million passengers a year, and will create up to 5,000 new on-site jobs. The airport’s economic contribution will also double, to £2 billion per year.
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Other elements of the development include an enlarged security hall with next generation equipment, an onsite solar farm, additional terminal and gate seating, wayfinding kiosks, flooring and seating upgrades, new bar area, refurbished toilets and an airfield taxiway upgrade.
Gareth Powell, London Stansted’s managing director, said: “We are already welcoming a record number of passengers, with people drawn to the fact we give them a great choice of destinations, at excellent value and with fantastic access into central London and the whole of the East of England.
“We are unique among major airports in operating a single terminal, which means we can give people a simple, efficient and seamless experience, which we know they value, whether travelling for business, leisure or to visit friends and family. These exciting plans mean we are able to retain all those benefits, while introducing an array of new facilities and giving us the space we need to grow.
“Since receiving planning permission last October, our teams have carefully considered every touch point of a passenger’s journey through the terminal to ensure the extension transforms the airport experience by adding more space, choice, comfort and range of services on offer, from check-in right through to arrivals. I believe we have successfully achieved this while maintaining the ease, simplicity and original design concept of our fantastic terminal building.
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“This is a really exciting time for everyone connected with Stansted as we know we have a critical role to play in serving the future capacity needs of London. Our aim is to be the airport of choice for even more passengers and we’re confident our investment plans will boost our competitiveness within the London aviation market, as well as supporting economic growth, jobs and vital international connectivity for London and the East of England.”
The plans were announced at the government’s International Investment Summit on October 14, and following London Stansted recording record-breaking passenger numbers for each month of 2024.
Stansted served a record breaking 29.3 million passengers in the year to September 2024, the busiest 12-month period in the airport’s history. In addition, over the past 12 months several airlines have started flying from Stansted for the first time, including Royal Jordanian and Sun Express, as well as the return of British Airways.