Local Government Chronicle - Jonathan Knott
Luton Airport, wholly owned by the town’s financially-struggling council, is scaling back its expansion plans to save “the best part of £1bn” on its original £2.4bn price tag, LGC has learned.
In 2019 London Luton Airport Limited, run through a Luton BC subsidiary company, consulted on plans that would see a new terminal built with annual passenger capacity increasing from 18 million to 32 million by 2039, concluding the consultation process in December 2019.
It now intends to begin a new full consultation on revised plans later this year or next year, the firm’s chief executive Graham Olver told LGC. These would consist of two stages, with an initial focus on improving the existing terminal, followed by the construction of a second terminal “at some point in the future”.