Stansted Gains Government Backing to Double Capacity.LONDON--(BUSINESS WIRE)--June 16, 1999--BAA Baa See BBB. plc, the UK-based airport company, announced that the Government today moved to eliminate the last obstacle to doubling the capacity of Stansted Airport, when the Transport Minister recommended to Parliament a major increase in passenger movements for the airport. Glenda Jackson MP, Minister for Transport in London This article is about transport in London. For utility infrastructure, see Infrastructure in London. Not to be confused with Transport for London. London's transport forms the hub of the road, rail and air networks in the United Kingdom. , announced that the Government was recommending increasing the permitted level of passenger air transport movements (PATMs) to 185,000 annually. This will replace the current limit of 120,000 PATMs and represents an increase from 8 million passengers a year to around 15 million. The recommendation follows extensive public consultation by the Department of the Environment, Transport and the Regions (DETR DETR Department of the Environment, Transport and the Regions DETR Department for Environment, Food and Rural Affairs (UK) DETR Department of Employment, Training and Rehabilitation ). Sir John Egan JOHN EGAN John Egan may refer to:
"It is part of our strategy to spread the growing demand for air travel more equally across the three South East airports - Gatwick, Heathrow and Stansted. BAA invests over (pound)1 million per day in this country's airport infrastructure and plans to invest (pound)200 million to extend the current Stansted terminal to meet demand." London Stansted grew 35.4% in the last financial year and BAA plans to start building early next year, creating 1,000 or so jobs every year as the airport grows. The extension will double the size of the current terminal, in keeping with the original Sir Norman Foster design. BAA ordinary shares trade on the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. ; prices may be accessed on Bloomberg under the symbol BAA LN, on the Reuter Equities 2000 Service under BAA.L and on Quotron under BAANU.EU. BAA ADRs, each equal to one ordinary share, appear on the pink sheets under BAAPY. Additional information is available on BAA's home page: http://www.baa.co.uk. Notes: - A PATM PATM Planetary Atmospheres PATM Pay Attention to Me PATM Performance-Based Air Traffic Management is the take-off or landing of a commercial passenger aircraft and London Stansted is the only UK airport to have such a limit set for it by Parliament. - The limit was originally put in place to ensure the airport did not grow beyond about 8 million passengers a year to give the local planning authorities A Local Planning Authority is the local authority or council that is empowered by law to exercise planning functions for a particular area of the United Kingdom. The authority is often the local Borough or District Council. time to make provision for the airport at about 15 million passengers per annum Per annum Yearly. , which has been accomplished. - Detailed planning consent to develop London Stansted's terminal to handle a capacity of about 15 million passengers a year has already been granted by Uttlesford District Council. |
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