Monday, July 10, 2017

Indian-origin man proposes $6-bn cheaper Heathrow runway plans

An Indian-origin 'wealthy' businessman in the UK has submitted plans for a new third runway at Heathrow airport, claiming to lower costs by five- billion pounds, a media report said today.

Surinder Arora, a hotel tycoon, has put his proposal to the government's public consultation on Heathrow.

Ministers have expressed a preference for the airport's plans for a new runway and terminal costing 17.5 billion pounds, BBC reported.

Heathrow said it was already considering some of the ideas, and wanted to lower the cost too, the report said.

Arora Group's proposals include changing the design of terminal buildings and taxiways, and reducing the amount of land it is built on, it said.

Arora said: "We want passengers to be at the heart of our plans and the current monopoly at Heathrow, which over-charges airlines and in turn raises fares for passengers, is not the right model for the future. Heathrow needs competition and innovation which puts passengers and airlines at the heart of the expansion project".

"One of the options we have proposed to the government includes a possible shift of the runway so that it does not impact on the M25 and M4, as we know the M25 junction being affected threatens the deliverability of the whole project.

"We appreciate this is a politically sensitive issue but it is merely an option with additional savings of 1.5 billion pounds, whereas the rest of our proposals save up to 5.2 billion pounds (USD 6.44 billion) without the need to amend the runway location," Arora said.

Willie Walsh, chief executive of British Airways' owner IAG, welcomed the proposals and said: "The government should look closely at Arora's proposal as it would significantly reduce costs."
09/07/17 PTI/DNA