The investment consists of £600m for the terminal extension, alongside £500m to improve the existing terminal and wider airport estate. It will also deliver Stansted’s 14.3 megawatt on-site solar farm, which will support the airport’s current and increasing electricity demands. This follows the recent creation of a new electric vehicle charging forecourt at the airport.
Manchester Airports Group (MAG), owner of London Stansted, is in the final stages of the procurement process, with construction expected to begin in 2025. The project will take between two and three to complete.
This scheme will significantly improve passengers’ experience at each stage of their journey, from check-in to border control. It will deliver a larger security hall, an airfield taxiway upgrade and an overhaul of gate spaces, boosting capacity and comfort for passengers before boarding.
The expansion plans already have planning permissions to begin construction and are in line with previously agreed passenger and flight numbers.
Ken O’Toole, chief executive officer of MAG – which owns London Stansted, Manchester and East Midlands airports, said: “By investing more than £1bn in Stansted over the next five years, we will be able to connect people and businesses in London and the east of England to even more global destinations, while welcoming millions more visitors to the UK.
“We are proud to be investing in our infrastructure in a way that will create jobs and stimulate trade, investment and tourism. Aviation is an essential enabler of the success of the UK’s key high-value industries, and we look forward to helping the government achieve the highest sustained growth in the G7 through the sustainable growth of our airports.”
