The Marshall Group, owner of Cambridge Airport, UK, is preparing to embark on a £20 million ($32.5 million) investment to develop the airport’s land and upgrade its infrastructure. Groundbreaking on the green field site, located to the south of the runway, is scheduled for July.
Plans include a new taxiway and the rehabilitation of the runway. It is intended that a new drainage system will add considerable environmental benefits.
The investment follows what Cambridge has described as a strong year, having welcomed increased executive aviation movements, regional airline services and leading aviation companies as tenants.
Airport Director Archie Garden, who is leading the expansion with Infrastructure Director Sheila Kissane, said he would like to entice more businesses to the airport: “We have the land available to the south side of the airport and this is driving the next phase of our strategy to develop new buildings in the area.
“Tenants will be offered a range of property development options including self-build, build and buy back or lease of properties. A vibrant business park, a hotel for crew, operator bases – this is the type of project that could be achieved,” he added.