£650m new cash for Heathrow

In what the airport called a major signal of confidence in the UK economy, Heathrow shareholders on Thursday agreed to invest an additional £650m in the gateway over the course of 2019. 

The airport said in a statement: “With the UK set to leave the European Union in 2019, the planned investment will further boost passenger experience at the UK’s hub airport and improve Heathrow’s operational resilience. 

“The plans send a strong signal that Britain continues to be open for business in the eyes of international investors.”

Initial plans for the new investment a possible expansion of the award-winning Terminal 2 and planning works for a new southern access tunnel for the Central Terminal Area.

“Heathrow’s shareholders are among the most sophisticated investors in the world, with more than $1trn in funds under management and including the UK pension fund Universities Superannuation Scheme,” the airport added.

Other shareholders include Ferrovial, Qatar Investment Authority, Caisse de dépôt et placement du Québec (CDPQ), GIC, Alinda Capital Partners of the United States and China Investment Corporation.

Qatar Investment Authority CEO Abdulla Bin Mohammed Bin Saud Al-Thani said: “Our investment in Heathrow is more than an investment in a great airport but in Britain’s connections to the world."

www.heathrow.com

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