Gatwick airport has announced a £1 billion investment plan that will see a “complete transformation” of its North Terminal.
As part of the investment Gatwick will also improve its check-in and arrival areas, security facilities and retail space.
The announcement comes as Gatwick this week celebrates its 5th birthday under independent ownership.
The airport is expected to reach nearly 41 million passengers within the next three years, with the North Terminal accommodating the majority of traffic growth.
Gatwick has also announced further investment to “drive passenger growth”, this includes 15 new e-gates, £250 million to maintain and replace lifts, escalators and technology infrastructure and £185 million to construct a Pier 1 facility – offering aircraft stands, gate rooms, lounge facilities and storage for 2,600 bags.
London Gatwick CEO Stewart Wingate, said: “It’s been an incredible five years and this is just the start. Gatwick is changing for the better and the fresh £1billion investment outlined today is a clear signal that we intend to become London’s airport of choice.
“Gatwick’s success shows what can be achieved when competition is allowed to thrive, helping standards rise and fares fall.
“It is a timely reminder ahead of next year’s airport expansion decision, when the UK must choose whether to build on the success of greater competition and a more open industry, or take a backwards step towards the monopolies of the past,” he said.