Heathrow Shareholders Signal Confidence in Britain with Plans for £650 Million Investment in 2019
March 29, 2017
Heathrow Airport Holdings Limited announced that its shareholders are planning to invest £650 million into Heathrow Airport, Britain’s global gateway, over the course of 2019. The company said this sends a strong signal that Britain continues to be open for business in the eyes of international investors.
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. Plans include enabling works for the expansion of Terminal 2 and planning works for a new southern access tunnel for the Central Terminal Area.
The company said its shareholders are among the most sophisticated investors in the world, collectively with over $1 trillion of funds under management. The shareholders are affiliates of Ferrovial S.A. (Spain), Qatar Investment Authority (Qatar), Caisse de dépôt et placement du Québec (Canada), GIC Private Limited (Singapore), Alinda Capital Partners (USA), China Investment Corporation (China) and Universities Superannuation Scheme (UK).
Heathrow CEO 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.”