BAA has published its 11-year traffic forecasts and capital investment plans for Heathrow, Gatwick and Stansted airports which include an investment of approximately ?9.3bn ($18.6bn) across all three facilities over the full period.

The 11-year plan covers the airport company's next two regulatory periods of 2008-2013 and 2013-18 and BAA is forecasting average passenger traffic growth for these three airports of 2.8% per annum over these time frames.
Major new airport facilities that are planned include a second runway and new terminal at London Stansted; the construction of Heathrow East to replace the existing Terminal 2 building; renovations of both Heathrow?s Terminals 3 and 4; and a second satellite for Heathrow Terminal 5 to be known as T5C.
Commenting, BAA Ceo Stephen Nelson said: ‘Last month BAA announced its ongoing investment to cut airport queues quickly. Today we are focused on our long-term plans to free the travelling public from congestion and provide a good experience at our airports.
‘Our investment programme is big, ambitious and long-term, yet will require no subsidy from taxpayers. The size and strength of BAA?s balance sheet and our unrivalled experience in developing new airport facilities, give us great confidence that we can deliver this scale of investment on time and on budget. We now look to the regulatory authorities to deliver the stable regulatory system and sensible financial incentives necessary to deliver these plans.?