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Heathrow to offer £550m to compensate for third runway Heathrow and Gatwick unveil revised expansion plans
(about 1 hour later)
Heathrow Airport has proposed improved compensation worth £550m for those affected by its plans for a third runway. Heathrow and Gatwick airports have both unveiled revised expansion plans in an attempt to secure permission to build the UK's next runway.
The airport said owners of 750 homes that would need to be demolished would be offered 25% above the market value of their properties. Heathrow has proposed improved compensation worth £550m for those affected by its plans for a third runway.
Other residents would receive improved noise insulation, it said in a report for the Airports Commission. Gatwick has said its plans will keep fares low and create 120,000 jobs.
A third runway has been short-listed as one option to increase air capacity. Both will submit their plans to the Airports Commission, charged with deciding how to expand UK air capacity.
The government-appointed body will choose between a second runway for Gatwick and either a third runway for Heathrow, or extending the northern runway to the west.
However, it will not make its recommendation until 2015 after the general election.
'Fair' treatment
Heathrow has promised that the owners of 750 homes, which would need to be demolished to make room for a third runway, would be offered 25% above the market value of their properties.
Other residents would receive improved noise insulation, it said in its report for the Airports Commission.
"We are committed to treating those most affected by a third runway fairly. Since the previous runway plan was rejected in 2010 we have listened to ideas for how we could improve our proposals," said Heathrow chief executive Colin Matthews."We are committed to treating those most affected by a third runway fairly. Since the previous runway plan was rejected in 2010 we have listened to ideas for how we could improve our proposals," said Heathrow chief executive Colin Matthews.
The revised report also suggests a congestion charge for those dropping off passengers at the airport by car.The revised report also suggests a congestion charge for those dropping off passengers at the airport by car.
The airport plans to consult local people on its revised proposals this summer.The airport plans to consult local people on its revised proposals this summer.
Busiest airport Gatwick case
Under previous proposals for a third runway, £90m was allocated for noise insulation and compensation. In its report, Gatwick argued that its expansion plans would cost £7.8bn and were cheaper and more beneficial than Heathrow's.
Heathrow is one of the world's busiest airports, handling more than 69 million passengers a year. It said 10 million more passengers each year would be able to travel with a second runway at Gatwick than with a third runway at Heathrow
Options floated by the Airports Commission, which is is looking at the future of air travel in the UK, include creating a third runway at Heathrow, or extending the northern runway to the west. The airport also calculated that a new runway at Gatwick could be delivered about five years earlier than a third runway at Heathrow.
Mayor of London Boris Johnson supports the building of a new airport in the Thames Estuary and is opposed to expansion at Heathrow. It added that its location, south of London, meant that just 14,000 people would be affected by noise, compared with the 240,000 people impacted by noise at Heathrow.
The commission will report after 2015.