A third runway being planned at Heathrow has won the approval of the British Chambers of Commerce (BCC), which estimates that the proposed construction would bring in a profit of £30.7bn for the UK economy.
According to BCC’s study, the £9bn Heathrow expansion, a part of the plan that includes 13 “crucial” transport projects, would cumulatively deliver economic benefits amounting to £85bn.
Businesses across the UK were asked to disclose names of the transport projects, which they think will be critical to the future growth and success of their local economies.
The research brought into prominence other vital projects such as an investment in the East Coast Mainline railway in Yorkshire, the Crossrail project in London and a replacement bridge for Edinburgh.
The Director General of the British Chambers of Commerce, David Frost urged the government to abstain from reducing the spending on transport infrastructure. He reiterated that investments in these transport projects would ensure UK’s future economic success and also help bail the country’s local businesses and the construction sector out of its present crisis.
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