London’s Heathrow airport will receive a £2.3 billion ($2.9 billion) investment over the next two years, in order to finance upgrades.
The investment is an uplift of £244 million ($309.9 million) on previously forecasted investments which will be used to enhance capabilities across all terminals, including baggage delivery and projects to support punctual departures and arrivals. These investments over the next two years will also aim to drive economic growth across all parts of the UK.
Heathrow CEO Thomas Woldbye emphasised that this announcement confirms that the airport will continue to invest more than £1 billion ($1.27 billion) of private sector cash each year into the airport.
This builds on Heathrow’s investment impact report which outlines how Heathrow has made significant investments in the airport in 2024.