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The \u00a333bn proposals include \u00a321bn for the runway alongside \u00a312bn for associated terminal infrastructure.<\/p>\n
HAL will also invest \u00a315bn into the existing airport to modernise and upgrade current facilities- these works are independent of a third runway and will go ahead regardless of a planning decision for expansion.<\/p>\n
The decision means rival expansion plans<\/a> put forward by billionaire hotel entrepreneur Surinder Arora will miss out.<\/p>\n Transport Secretary Heidi Alexander confirmed the decision on Tuesday morning.<\/p>\n She said: \u201cFollowing a comparative assessment of the remaining proposals for Heathrow expansion, the government\u2019s view is that the north-west runway scheme brought forward by Heathrow Airport Limited offers the most credible and deliverable option.<\/p>\n \u201cToday is another important step to enable a third runway and build on these benefits, setting the direction for the remainder of our work to get the policy framework in place for airport expansion. This will allow a decision on a third runway plan this parliament which meets our key tests including on the environment and economic growth.\u201d<\/p>\n An application for development consent for a Northwest Runway will now be brought forward by Heathrow Airport Limited.<\/p>\n HAL said: \u201cWe welcome the Government\u2019s support for our scheme to build a third runway at Heathrow \u2013 the UK\u2019s gateway to growth. Expanding Heathrow will mean more connectivity, increased trade, improved passenger experience and a huge economic boost for the British businesses that will help design and build it.<\/p>\n \u201cHowever, we still need further clarity as to how the crucial next phase of the project will be regulated. We need definitive decisions from the CAA and Government by mid-December so that delay to the project can be avoided and we can get on with delivering this vital project for our customers and for the UK.\u201d<\/p>\n The winning scheme requires major works to the M25<\/a> costing \u00a31.25bn.<\/p>\n<\/p><\/div>\n