BAA issues consultation on 10-year plan

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BAA has issued airline partners with details of its 10-year investment programme at the authority's London airports

The £8.4bn plan is designed to increase capacity and improve the quality of facilities at London Heathrow, Gatwick and Stansted airports, and to build Heathrow's terminal five.

£6.6 billion of the fund will be invested in Heathrow, including £3.2bn on T5 and £3.4bn on improvements to the existing terminals. The £1bn investment at Gatwick is anticipated to take airport passenger numbers up to around 42m annually by 2014. And a further £800m will be used to develop Stansted airport, which has forecast annual passenger numbers of 25m within the next 10 years. In total BAA said it expects to see annual passenger traffic of 157.6m at its London airports by 2014.

BAA ceo designate Mike Clasper said: "We are fulfilling our promise to invest heavily in the quality and capacity of our airports for our passengers and airline partners. We are already hard at work on the Heathrow T 5 site and are on track to deliver a state-of-the-art terminal on time and to budget in 2008."