Transport transformation highlighted at MIPIM

By on 06/03/2012 in News
Birmingham’s investment in transport infrastructure will create new opportunities for business and investors, and help to stimulate the local economy - this is the message city representatives will lay out to delegates at MIPIM, the world’s largest real estate conference, during an event at the Birmingham stand tomorrow (7 March).
'Global City, Local Heart - Totally Connected'  will outline how initiatives including the recently approved £17 billion HS2 rail link, £65 million runway extension at Birmingham Airport and £600 million New Street Gateway project are all proof of Birmingham's commitment to transforming its transport networks as part of its drive to become a global business destination.
Furthermore, they will boost the region's economic output and generate thousands of jobs across the city - with HS2 alone expected to boost the wider Birmingham economy by £1.5 billion a year and help to create more than 22,000 new jobs.
The event - presented by Mike Whitby, Leader of Birmingham City Council, Tom Magrath, Strategy and Commissioning Director at Centro, and Birmingham Airport CEO Paul Kehoe - will also highlight how a £1.3 billion transport package is attracting a wider international audience to the city, opening up new markets and boosting the number of visitors to the region.

Cllr Whitby commented: “Investment into Birmingham's transport infrastructure is constantly gathering pace - confirming the city's position as a highly accessible gateway into the UK and across Europe.

“We are on the cusp of significant change; by 2015, Birmingham will be transformed with cutting-edge transport systems combining to provide integrated mobility across the entire city. Investors must consider the opportunities available in Birmingham before these changes are complete.”
In particular, Birmingham Airport is the only UK airport with planning consent for a runway extension, which will open up direct non-stop flights to key destinations in the Far East, California and South America. The Airport has already secured a multi-million pound investment programme that enables it to handle an extra nine million passengers, meet the anticipated growth in air travel and offer an alternative to other UK airports, particularly in the South East.
Paul Kehoe, CEO at Birmingham Airport, said:  “Our runway extension plans would provide better connections across the globe, especially to long-haul markets. This entire picture means billions of pounds of investment and the creation of thousands of new jobs, which is creating a growing momentum to be in Birmingham.”
Centro's Chief Executive Geoff Inskip added: “Successful cities have excellent connectivity - international, national and local - and our £1.3 billion transport package will secure massive benefits for businesses and passengers. Birmingham is already at the heart of the UK's road and rail network and we are now building even better connections to the rest of the country, Europe and the world through the airport expansion and high speed rail.”
Other events taking place on Wednesday at the Birmingham MIPIM stand include presentations on two regeneration projects taking place in the city - Icknield Port Loop and Paradise Circus - and the launch of an investment prospectus for sovereign wealth and institutional funds. In addition, Cllr Whitby will be taking the stage for the prestigious main conference programme at MIPIM, to discuss investing in infrastructure for UK cities.
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For more information, please contact Rebecca Bannister, PR Manager at Marketing Birmingham, on 07984 410 462 / 0121 202 5112 /

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