A budget construction cost estimate has been prepared for the Phase 1 development of Goodwin Airport with three runways. Costs are based on 2012 prices. No allowance has been included for land acquisition costs or for inflation.

Cost estimate for Goodwin Airport

Item Cost £ Million
Construction of The Island £3,500
Link To Mainland £1,200
The Harbour £1,200
Roads, Rail and Runways £11,400
Improve Existing Infrastructure £3,000
Buildings and Structures £8,700
Equipment and Systems £10,200

Total £39,200
Locating an airport offshore is, inevitably, not the cheapest option in terms of construction cost but offsetting this the operational, social and environmental benefits of Goodwin Airport are considerable. In due course a detailed cost-benefit analysis will be required to compare shortlisted airport proposals.

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