New funds to make Heathrow more resilient
30 / 03 / 2017
Heathrow Airport shareholders have announced plans to invest an additional £650m in the UK gateway during 2019.
Billed by the airport as a vote of confidence in post-Brexit Britain, it will be used to improve operational resilience and will include enabling works for the expansion of Terminal 2 and planning works for a new southern access tunnel for the Central Terminal Area.
Heathrow’s shareholders include pension fund the Universities Superannuation Scheme, Ferrovial, Caisse de dépôt et placement du Québec, GIC, Alinda Capital Partners of the US, China Investment Corp and Qatar Investment Authority.
Heathrow chief executive John Holland-Kaye said the funds “will help us build on our success…and further improve resilience at the nation’s hub.”