Stansted Airport has unveiled plans for a new £130 million arrivals building intended to "significantly improve" passengers' experience and accomodate further growth. The proposed 34,000 sq m building spans three levels next to the existing terminal and the Radisson Blu Hotel. It will include a larger immigration and baggage reclaim area, new retail space and a public forecourt. The current terminal building will be reconfigured for the use of only departing passengers, creating more space at check-in, security and the lounge. The new facility is expected to take up to three years to complete with other improvements to the existing terminal due to be finished by 2022. Stansted is the busiest single terminal airport in the UK with up to 5,000 departing passengers every hour at peak times. The plan assumes Stansted will grow from today’s 24 million passengers a year to the current planning limit of 35 million. The new facility could handle around 43 million passengers a year. Stansted Airport CEO Andrew Cowan said: “Since MAG acquired the airport in early 2013, we have turned Stansted into one of the UK’s fastest growing airports...Our investment will boost competition and enable the airport to play a bigger role in supporting economic growth, jobs and international connectivity across the East of England and London."