Plans for £300m development next to Edinburgh Airport

Hotel News - 14/07/2011

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Plans have been unveiled for a ‘world-class’ transport and commerce hub on property around Edinburgh Airport. The proposal for a £300 million development would see some 85 hectares of undeveloped land turned into a mix of hotels, conferencing facilities, offices and even an arena.

The land, which lies between the headquarters of the Royal Bank of Scotland and Edinburgh Airport, would be transformed into an ‘International Business Gateway’. If it goes ahead, the development could create 3,600 new jobs over the next two decades.

The consortium backing the proposed development says it could generate as much as £4.4 billion for Scotland’s economy. Details of the development are contained in an implementation plan that describes the property, located to the west of the city, as offering huge potential in the long term.

The proposal describes the viability of the plans as being ‘underpinned’ by the proximity of the site to Edinburgh Airport, the M8 and M9 motorways and a new rail stop. The potential for new tram stops is also cited as supporting the development’s potential success.

Edinburgh Airport has already enjoyed a recent expansion costing £40 million. The upgrade was part of a development plan being rolled out over 10 years and has supported a sharp rise in the numbers of travellers using the airport recently.

The developers say the development could help realise Edinburgh Airport’s growth potential. This would support maximising the global competitiveness of the city, as well as Scotland.

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