Partner Article

Heathrow set for £650m investment programme following shareholder backing

London airport Heathrow is to embark on a renewed investment programme in 2019 after shareholders including the Qatar Investment Authority agreed to unlock further investment for initiatives aimed at improving passenger experience and operational resilience.

The transport hub has revealed that some of its biggest shareholders are planning to inject a £650m annual investment into the airport, sparking a series of improvement works that could include expansion at Terminal 2 and a new southern access tunnel for its Central Terminal Area.

Some of the biggest shareholders in Heathrow include pension fund Universities Superannuation Scheme, Ferrovial and China Investment Corporation, alongside the Qatar Investment Authority.

The plans have been shaped under the shadow of Brexit, with Sheikh Abdulla Bin Mohammed Bin Saud Al-Thani claiming that the investment represents an investment in Britain at a time that its relationship with the rest of the world is changing.

The 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 Chief Executive Officer, John Holland-Kaye also commented: “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.”

Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →

Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.