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    Home > Finance > London's Heathrow to invest nearly $3 billion to upgrade airport
    Finance

    London's Heathrow to invest nearly $3 billion to upgrade airport

    Published by Global Banking & Finance Review®

    Posted on December 18, 2024

    1 min read

    Last updated: January 27, 2026

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    Quick Summary

    Heathrow Airport is set to invest $2.92 billion to enhance its infrastructure, focusing on terminal improvements and punctuality, following a major stake acquisition.

    Heathrow to Invest $3 Billion in Major Airport Upgrades

    (Reuters) -Heathrow said on Wednesday it planned to invest 2.3 billion pounds ($2.92 billion) over the next two years to upgrade Britain's busiest airport.

    The investment is an uplift of 244 million pounds on previously forecasted investments, it said, and comes just days after Saudi Arabia's sovereign wealth fund PIF and French investment firm Ardian completed their more than 37% stake acquisition in the airport.

    The capital will be used to improve all terminals, including baggage delivery and projects to support punctual departures and arrivals, Heathrow said in a statement.

    The investment, which includes about 1.05 billion pounds spending on the airport's infrastructure in 2025, compares with a 1.1 billion pound investment in the airport in 2024.

    "Today's announcement confirms that we will continue to invest more than 1 billion pounds of private sector cash each year into the airport to deliver facilities our airlines and passengers want," Heathrow CEO Thomas Woldbye said.

    ($1 = 0.7873 pounds)

    (Reporting by Yadarisa Shabong in Bengaluru; Editing by Eileen Soreng and Mrigank Dhaniwala)

    Key Takeaways

    • •Heathrow plans a $2.92 billion investment over two years.
    • •Investment includes a 244 million pound increase from previous forecasts.
    • •Saudi Arabia's PIF and Ardian acquired a significant stake in Heathrow.
    • •Improvements focus on terminals, baggage, and punctuality.
    • •Over 1 billion pounds will be invested annually in infrastructure.

    Frequently Asked Questions about London's Heathrow to invest nearly $3 billion to upgrade airport

    1What is the main topic?

    The main topic is Heathrow Airport's $2.92 billion investment to upgrade its infrastructure over the next two years.

    2Who acquired a stake in Heathrow?

    Saudi Arabia's sovereign wealth fund PIF and French investment firm Ardian acquired over a 37% stake in Heathrow.

    3What will the investment focus on?

    The investment will focus on improving terminals, baggage delivery, and supporting punctual departures and arrivals.

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