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July 26, 2018

London International Airport secures funding to upgrade main taxiway

London International Airport in Canada has secured C$3.3m ($2.53) capital assistance from the federal government to upgrade the main taxiway at the airport.

London International Airport in Canada has secured C$3.3m ($2.53) capital assistance from the federal government to upgrade its main taxiway.

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The Greater London International Airport Authority will also provide the same amount to support the project.

The investment forms part of the National Trade Corridor’s Fund. During the construction phase, the project is expected to create approximately 65 jobs.

London International Airport CEO and president Mike Seabrook said: “Taxiway Golf is our main taxiway at London [International Airport].

“From commercial passenger aircraft, to our freight operations, through to our business and aviation programmes with both Western University and Fanshawe College, this taxiway will be used extensively in the coming years.”

“And from commercial passenger aircraft, to our freight operations, through to our business and aviation programmes with both Western University and Fanshawe College, this taxiway will be used extensively in the coming years; it will allow us to meet the aviation demands in our market.”

The project will consist of resurfacing the entire length of the asphalt taxiway, ensuring it can withstand the current and projected increase in passenger traffic.

The scope of the project includes removing and rebuilding London International Airport’s Taxiway Golf, which is aimed at ensuring consistency in the services provided by the airport.

Additionally, rebuilding the taxiway will cut potential runway hazards, which will ultimately boost safety for passengers, airlines and airport staff.

London West Member of Parliament Kate Young said: “I am very pleased that this important project is going ahead. The London International Airport is a strategic economic gateway and ensuring that we address transportation bottlenecks and develop strategies to minimise congestion is vital to fostering long-term prosperity in our community.

“This investment underscores the importance of our airport to the continuing prosperity of our region and country.”

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What’s missing from your IPO industry assessment?

IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
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  • Industry environment
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