This week, Luton Airport officially launched its huge multi million, redevelopment project.
The airport has a project fund of £110 million.
This budget will be used to redevelop its main terminal building by 40%. The infrastructure surrounding the airport will be improved. The airport’s retail space will double. There will also be a new £1 million executive lounge.
Work has already begun on a new 1,700 multi-storey car park, with roads into the airport being turned from single lanes into duals.
Luton’s CEO, Nick Barton spoke about the works, saying “For us to grow our outlook in this way is good for our shareholders but very important for Luton as well. We are challenging ourselves to deliver a fundamental change in the facilities at the airport while trading is the biggest it’s ever been.”
The development will see the airport achieve its goals of increasing its passenger numbers from 12.6 million a year to 18 million.
As a result of the expansion, around 10,000 new jobs will be created.
To officially launch the building works, Transport Secretary, Patrick McLoughlin, was there to mark the occasion. Speaking to the Luton News, Mr McLoughlin said, “I’ve been very impressed, when one comes back in a few years time it won’t be recognisable as it is today. There is still lots of work to be done, there has been work done on the runway itself to improve the turnability of aircrafts. Luton is going to be on par with all the other airports in the country.”