London City Airport places building contact
01.06.07
London City Airport has placed a contract worth £19m with builders Carillion, for the construction of additional aircraft parking stands. This contract is the largest to be let since the airport was originally built and represents the first major capital programme under new owners AIG and GIP, who took control of London City in December 2006.
Announcing the investment, London City Airport's CEO, Richard Gooding, said: 'Our new shareholders said at the outset that they had faith in the growth and development of the airport. This contract shows that they are willing to invest more to bring the growth forward.'
The contract calls for the construction of a 20,000sq m (65,617sq ft) concrete platform, supported by piles and built over the King George V dock to the east of the existing terminal, to provide four aircraft stands, bringing the total at the airport up to 18.
In addition, a sound screen will be incorporated into the platform to minimise any effect of aircraft operations on neighbouring houses. Construction is expected to start in June, and the new stands will be in service during summer 2008.
The airport is targeting 2.8m passengers for this year and 3m for 2008.
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