Heathrow launches hunt for commercial expansion partners
London Heathrow has announced it is now open to pitches from prospective partners in its expansion project.
ON THE LOOKOUT: The construction of Terminal 2
As Heathrow prepares for the next phase of expansion, interested UK businesses, entrepreneurs and leaders are being invited to register an expression of interest. This will kick start a three-part process that could see them partner with Heathrow Airport to deliver a variety of infrastructure projects at the airport.
The airport has said all ideas will be expected to focus on opportunities that further improve customer service, drive cost efficiency, grow commercial revenues and deliver sustainability targets. Pitches will also need to demonstrate how they meet the commitments outlined in the government’s draft airport national policy statement.
Interested parties will be told in the next fortnight how they can register their interest and details of the eligibility criteria will be posted online. From there, time will be given for long listed parties to form top line business cases. Those that make it through to the short list will be invited to a pitch process with senior Heathrow decision makers.
John Holland-Kaye, Chief Executive Officer at Heathrow Airport said: “Over the last 10 years, Heathrow has delivered better service at lower cost, whilst becoming a leader in sustainability. We are now regularly rated as one of the best airports in the world. As we prepare the final masterplan, it is a good time to listen to any proposals that can help us to make Heathrow the most successful hub airport in the world, in a way that is sustainable, affordable and financeable.
“We have had a number of people approach us during this year’s public consultation, so we have decided to open up a competitive process that will give those with the best ideas a chance to work with us. We are willing to work with anyone who shares our values and who is committed to delivering on the promises we have made on the environment, to our neighbours and to the country.”
Parliament is set to vote on expanding Heathrow this summer.