Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      ‘Very concerned’: City watchdog scolds motor finance lenders over £9bn redress scheme

      FCA sign

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Dallas, Boston, New York New Jersey: Inside England’s Fifa World Cup stadiums

      Getty Images logo against a sleek, modern background, representing the influence of media in the business world

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Glengarry Glen Ross at the Old Vic fails to close

      Glengarry Glen Ross production at Old Vic Theatre showcasing intense business negotiations and dramatic performances

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Tuesday 02 September 2014 9:11 pm  |  Updated:  Friday 07 June 2019 6:29 am

Airport Commission sinks £70bn Boris Island plan as too risky

By: Thomas FitzGerald

Add as a preferred source on Google

LONDON mayor Boris Johnson yesterday refused to throw in the towel over his plans for a Thames Estuary airport, despite the scheme being grounded by the Airport Commission for being too risky.

Undaunted by the crushing blow to his proposal, the mayor hit back yesterday against the commission and its head, Sir Howard Davies. Johnson predicted major obstacles to other airport expansion plans at Heathrow and Gatwick that would make a reconsidera­tion of his Thames Estuary option likely in future.

He said: “In one myopic stroke, the Airports Commission has set the debate back by half a century – a new airport to the east of London remains the only credible solution, and I’m absolutely certain that it is the option that will eventually be chosen.”

However, in rejecting the plan the commission highlighted higher costs estimated to be in the range of at least £70bn-£90bn, longer average journey times for rail transport links to London and environmental concerns, including birdstrikes. Sir Howard said: “To roll the dice on a very risky project, where delays and overruns are highly likely, would be reckless.”

Rival airports Heathrow and Gatwick quickly sought to boast of their plans yesterday.

Heathrow chief executive John Holland-Kaye said: “Britain needs a successful hub airport to compete in the global race for jobs and growth, and Heathrow is now the only hub left in the race.”

However, Gatwick chief executive Stewart Wingate said: “Gatwick is the only option left on the table that can be can be delivered faster than any other option, and at low cost and low risk, without the significant environmental impacts expansion at Heathrow would inflict on London.”

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business

Trending Articles

  • Who could be Andy Burnham’s Chancellor? 

  • As it happened: FTSE 100 finishes higher as US-Iran talks progress and Starmer resigns; Space X shares fall after bond sale

  • Starmer will resign, Trump says

  • Kaleb Cooper: Brits don’t care about the price of milk 

  • Iran to close Strait of Hormuz as Trump threatens toll

More from CityAM

  • London City Airport faces opposition over bigger planes plan

    Transport & Infrastructure
    London City Airport terminal bustling with travelers and staff, showcasing modern architecture and vibrant city backdrop.
  • Hopes rise for decision on Heathrow’s third runway plan

    Transport & Infrastructure
    Heathrow boss Thomas Woldbye is expected to lay the groundwork for what is the largest private investment programme in Heathrow's history.
  • Judge rejects Gatwick Airport bid to block new relaxed runway slot rules

    Legal
    Gatwick Airport terminal bustling with travelers and staff under bright signage and flight information displays
  • Economic benefit of Heathrow expansion slashed by 90 per cent

    Transport & Infrastructure
    Heathrow and several European airports are suffering from a cyber attack.
  • Heathrow slams regulator plans to ‘take UK backwards’ by slashing investment

    Transport & Infrastructure
    Heathrow Airport's expansion was estimated to cost up to £62bn as of last year.
  • Ministers open door to phased Heathrow third runway plan

    Aviation
    Heathrow Airport terminal bustling with travelers and staff, showcasing modern architecture and international flight activity
  • Let’s help London’s £53.5bn airport investment opportunity take off

    Opinion
    Commercial airplane flying in clear blue sky, representing aviation news and current trends in the airline industry.
  • Flying at Heathrow will cost ‘significantly more’ due to third runway bid

    Transport & Infrastructure
    Heathrow and several European airports are suffering from a cyber attack.

CityAM Canada — business, markets and opinion for Canadian readers.

Sections

  • Business
  • Markets
  • Tech
  • AI
  • Economics
  • Opinion
  • Cities

Company

  • About
  • Contact

Legal

  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 CityAM Canada. All rights reserved.
Terms · Privacy · Cookies