Part of the plans will see the extension of the main terminal with £600 million being put into improving the current terminal and the rest of the airport.
This means there will be a bigger security hall, new and additional terminal and gate area seating as well as an airfield taxiway upgrade.
Plans for the five-year investment programme were first announced at the government’s International Investment Summit yesterday and follow London Stansted reporting record-breaking passenger numbers for each month in 2024.
Planning permission for the extension was secured last October, and Stansted today released images and a video to showcase its plans for the first time.
The terminal development will help enable the airport serve up to 43 million passengers a year, which in turn will create up to 5,000 new on-site jobs, and see the airport’s economic contribution double to £2 billion annually.
Gareth Powell, London Stansted’s managing director, said: “Stansted is embarking on an exciting new chapter. We aim to add even more choice of airlines to continue growing our extensive route network that is valued and enjoyed by the millions of passengers who choose to fly from London Stansted every year.
“We are already welcoming a record number of passengers, with people drawn to the fact we give them a great choice of destinations, at excellent value and with fantastic access into central London and the whole of the East of England.
“We are unique among major airports in operating a single terminal, which means we can give people a simple, efficient and seamless experience, which we know they value, whether travelling for business, leisure or to visit friends and family. These exciting plans mean we are able to retain all those benefits, while introducing an array of new facilities and giving us the space we need to grow.”