Heathrow Airport in London has received approval for an investment plan worth billions of pounds.
The plan aims to expand the capacity of Terminal 2 and Terminal 5, increase parking spaces, and improve punctuality. They also anticipate improvements in bus connectivity. The tangible results of these efforts are expected to be evident by the end of the year.
Additionally, plans for the construction of a third runway are expected to be submitted to the government as a proposal this summer. The construction of the third runway has the potential to increase GDP by 0.43% by 2050 and has gained support from many businesses and labor unions.
This will be the largest private investment program in Heathrow’s history, and it is part of the December 2024 announcement of a plan to invest £2.3 billion over the next two years.
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