The U.K. Treasury chief announced on Wednesday that the new Labour government is supporting the construction of a third runway at London’s Heathrow Airport. The decision is seen as a move to enhance the country’s long-term economic growth potential.
In a speech, it was emphasized that the construction of an additional runway at the U.K.’s primary airport is crucial for the nation's economic development. The government is now seeking proposals for the construction project, with a full assessment to be conducted after the summer.
The Treasury chief highlighted the importance of ensuring that the project is cost-effective, with an expectation that any associated transportation expenses will be covered through private funding.
Despite longstanding opposition from various campaigners, including members of the Labour Party, the government remains steadfast in its decision. Concerns over environmental impact have been raised by individuals such as London Mayor Sadiq Khan and lawmaker John McDonnell, whose constituency includes Heathrow.
However, the Treasury chief assured that the construction of the third runway will be carried out in compliance with legal, environmental, and climate objectives. The government aims to address these concerns while moving forward with the project.
