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30/03/2017
Plans Revealed For £650m Heathrow Airport Investment
Plans have been revealed to invest £650 million at Heathrow Airport.
With the UK set to leave the European Union in 2019, shareholders have today, 30 March, confirmed hundreds of millions of pounds will be invested in the Airport.
Initial plans include the possibility of enabling works for the expansion of the award-winning Terminal 2 and planning works for a new southern access tunnel for the Central Terminal Area.
The investment is seen as a major signal of confidence in the UK economy following Brexit.
Heathrow Chief Executive Officer John Holland-Kaye said: "The planned investment is great news for Heathrow passengers and for Britain – it will help us build on our success as passengers' Best Airport in Western Europe and further improve resilience at the nation's hub."
His Excellency Sheikh Abdulla Bin Mohammed Bin Saud Al-Thani, Chief Executive Officer of Qatar Investment Authority said: "Our investment in Heathrow is much more than just an investment in one of the world's great airports – it's an investment in Britain's connections to the world. As the UK reshapes its role in the world, we confirm our commitment as proud partners of a great trading nation."
Heathrow's shareholders include; UK pension fund Universities Superannuation Scheme in addition to Ferrovial, Qatar Investment Authority, Caisse de dépôt et placement du Québec (CDPQ), GIC, Alinda Capital Partners of the United States and China Investment Corporation.
(LM/MH)
With the UK set to leave the European Union in 2019, shareholders have today, 30 March, confirmed hundreds of millions of pounds will be invested in the Airport.
Initial plans include the possibility of enabling works for the expansion of the award-winning Terminal 2 and planning works for a new southern access tunnel for the Central Terminal Area.
The investment is seen as a major signal of confidence in the UK economy following Brexit.
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Heathrow Chief Executive Officer John Holland-Kaye said: "The planned investment is great news for Heathrow passengers and for Britain – it will help us build on our success as passengers' Best Airport in Western Europe and further improve resilience at the nation's hub."
His Excellency Sheikh Abdulla Bin Mohammed Bin Saud Al-Thani, Chief Executive Officer of Qatar Investment Authority said: "Our investment in Heathrow is much more than just an investment in one of the world's great airports – it's an investment in Britain's connections to the world. As the UK reshapes its role in the world, we confirm our commitment as proud partners of a great trading nation."
Heathrow's shareholders include; UK pension fund Universities Superannuation Scheme in addition to Ferrovial, Qatar Investment Authority, Caisse de dépôt et placement du Québec (CDPQ), GIC, Alinda Capital Partners of the United States and China Investment Corporation.
(LM/MH)
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