Heathrow plans multibillion-pound investment, secures UK steel jobs
Heathrow plans multibillion-pound investment, secures UK steel jobs

Heathrow plans multibillion-pound investment, secures UK steel jobs

News summary

Heathrow Airport has unveiled a multibillion-pound expansion programme aimed at increasing capacity and preparing for a controversial third runway, which is anticipated to secure thousands of UK steel jobs by boosting demand for domestically produced steel. Chief Executive Thomas Woldbye stated that the privately funded initiative will include upgrades to Terminals 2 and 5, along with improvements to local transport connections. The announcement follows government support led by Chancellor Rachel Reeves, which has been met with mixed reactions, particularly from environmental groups and London Mayor Sadiq Khan, who oppose the expansion on ecological grounds. Heathrow has committed to using UK-made steel for its construction projects and will submit formal plans for the third runway by summer. Despite the government’s backing, there are concerns regarding the environmental impact and the feasibility of meeting future emission reduction targets. The airport insists it can manage these issues through sustainable practices and strict environmental safeguards.

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