The plans were unveiled by the Prime Minister at the flagship International Investment Summit in London and will see Stansted unlock the potential of its runway through the extension of its existing terminal.
The funding will expand the existing terminal by a third, securing new air routes to key business and holiday destinations – boosting local supply chains and further cementing the UK’s place on the international stage.
The investment consists of £600 million for the terminal extension, alongside another £500 million 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. It follows the recent creation of a new electric vehicle charging forecourt at the airport.
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