Heathrow - Developing a Strategic Asset Plan through to 2040
CLIENT Heathrow Airport Limited
PROJECT Strategic Asset Management
SERVICES PROVIDED Asset Liability Model / Infrastructure Strategy, Data and Analytics / Asset Management Plans / Asset Transfer
With a major expansion of services planned, including the potential addition of a third runway and associated infrastructure upgrades totalling an estimated £50 billion over the next 30 years, Heathrow Airport Limited (HAL) required help in refining their asset management programme. With the arrival of Crossrail in 2018, HAL also required support with the asset transfer of their Heathrow Express business.
Working closely with the client we developed an asset liability model that brought together historic data around the cost of asset management to provide insight into the long-term financial impact of future investment decisions. This enabled us to effectively identify relationships between different asset types in combinations useful for exploring future options at the airport.
We then investigated the costs, risks and performance of asset systems to formulate a series of strategic objectives and improve lifecycle planning. Covering rail, Traffic Transit System and Terminal 5 Parking Pods, we provided HAL with clear milestones and project objectives.
Our asset management plans put all these strategies into practice, providing forecasts of the real cost of today’s opex and capex spending decisions on the future of the airport’s asset base.
With Crossrail set to arrive at Heathrow Airport in 2018, we used our extensive experience in practical asset transfer to project manage the transition of services between the two organisations to ensure a seamless switch in the future without impacting passengers.
Through our comprehensive range of models, strategies and plans we’ve helped Heathrow Airport Limited exploit numerous business opportunities, while successfully accommodating new stakeholders. For the airport’s railways alone we have delivered a 15-year capital expenditure plan of £87 million that will ensure spend is consistent with wider strategic goals.