The £49BN Plan to Fix London HEATHROW — Transcript

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1. 0:00The UK still can't decide whether or not
2. 0:02to expand its most important airports.
3. 0:05Heathrow welcomed 85 million passengers
4. 0:08in 2025, but its facilities are [music]
5. 0:10breaking points. With European rivals
6. 0:13undergoing redevelopments, London
7. 0:14Heathrow has to expand if it wants to
8. 0:16maintain its position [music] as
9. 0:17Europe's key air transit hub. Two plans
10. 0:21were put forward in 2025 to do just
11. 0:23that, with the most expensive one
12. 0:25sitting at 49 billion pounds. Both
13. 0:28include the construction of a new third
14. 0:30runway. But that doesn't mean the
15. 0:32building work is going to go ahead.
16. 0:34Planning permission [music] has to be
17. 0:35granted first. The UK government is
18. 0:38currently consulting on a policy
19. 0:39framework that any new Heathrow
20. 0:41expansion plan would have to adhere to.
21. 0:43That policy is set to be finalized by
22. 0:45the end of 2026. Although, if you've
23. 0:47been following the Heathrow expansion
24. 0:49timeline over the last several decades,
25. 0:52you'll know to be a bit skeptical. If
26. 0:54things move forward, planning approval
27. 0:56could be granted by 2030. The UK's
28. 0:59Labour government then hopes that the
29. 1:00third runway could be operational by
30. 1:022035. But don't hold your breath because