Heathrow runway option to offer greatest economic benefit

The latest update from Sir Howard Davies's airports commission has concluded that a new runway at Heathrow is likely to deliver significantly greater economic benefits to Britain than at Gatwick, though all three shortlisted options for relieving air congestion will cost billions more than previously estimated. The economic benefits of a new Heathrow runway are estimated at £112bn-£211bn; those of an extended Heathrow runway at £101bn-£214bn; and those of Gatwick's expansion plans at £42bn-£127bn. Sir Howard said the higher than expected costs involved would mean that each candidate would have to raise substantial new amounts of equity and debt.


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