Heathrow Airport plans to unveil a multi-billion pound investment aimed at expanding terminals two and five, alongside improvements in infrastructure to support a proposed third runway. CEO Thomas Woldbye is set to announce funding sourced from private investments after Chancellor Rachel Reeves endorsed the expansion to bolster the UK economy. Alongside terminal enhancements, a commitment will be made to use UK-produced steel for construction, addressing concerns related to US tariffs. The expansion is expected to create significant employment opportunities while enhancing passenger experience and operational sustainability.
This privately funded programme will upgrade existing infrastructure while laying the groundwork for a third runway, boosting UK investment and economic growth, with tangible benefits felt this year.
The chancellor has said expansion at Heathrow is 'badly needed' and could create 100,000 jobs.
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