Heathrow offers better compensation for third runway disruption
Heathrow Airport has unveiled a more generous compensation package for local residents who would be most seriously impacted by the building of a third runway.
The airport is now allocating £550 million for noise insulation and property compensation for the hundreds of homeowners who will be affected by any airport expansion. Before it was only offering £90 million.
The new figure is being submitted to the Airports Commission this week ahead of a consultation with local people this summer.
The package includes paying 25% above market value for the 750 homes which would need to be bought and knocked down. The airport is also offering to pay stamp-duty and legal fees to help owners who need to buy a new home.
The airport has already pledged to provide free noise insulation for homes and schools that would experience a significant increase in noise.
"We recognise that the expansion of Heathrow deserves an exceptional compensation scheme," said Heathrow chief executive Colin Matthews.
"That’s why we’re going further than statutory schemes or Government guidance. People will receive fair compensation in the event that Heathrow expansion goes ahead."
In its submission to the Airports Commission, Heathrow is also proposing the idea of a congestion charge for passengers driving to the airport.
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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