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February 11, 2013

Heathrow Airport plans £3bn infrastructure investment

Heathrow is planning to invest £3bn to complete it's new Terminal 2, construct taxiways and refurbish the baggage system.

By admin-demo

Heathrow airport TErminal 2

Heathrow Airport is planning to invest £3bn to complete the new Terminal 2, construct taxiways and refurbish its baggage system.

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The project is part of Heathrow’s business plan for ‘Q6’, to enhance customer service, boost airport resilience and reliability, and improve its environmental performance.

The project, to be executed between 2014 to 2019, also includes early works for the expansion of the building, the development of a new integrated baggage system and the construction of new taxiways to handle larger aircraft such as the Airbus A380.

Since 2003, Heathrow has invested £11bn in the construction of Terminal 5, a new Terminal 2, new baggage tunnels, and the modernisation of Terminals 3 and 4.

Heathrow chief executive Colin Matthews said that it mustr continue to improve the service offered for passengers and airlines at Heathrow as the airport faces stiff competition from other European hubs.

"Our plan for a further £3 billion of private-sector investment will further improve the airport for passengers," Matthews said.

"The project is part of Heathrow’s business plan for ‘Q6’, to enhance customer service, boost airport resilience and reliability, and improve its environmental performance."

"The plan represents good value for money for airlines and passengers and comes at no cost to taxpayers."

The investments also involve the introduction of self-service check-in kiosks and new self-service bag drops, as well as providing additional customer service training for staff and the launch of mobile staff with tablet computers to enhance passenger services.

In a bid to improve access, Heathrow also plans to extend the service of personal rapid transport ‘pods’ to connect Terminals 2 and 3 with business car parks, while premium retail and additional lounges will be developed to compensate airport charges.

Heathrow will also invest in providing pre-conditioned air that allows aircrafts to switch off their engines when they land.

Additional airside electric vehicles will also be deployed in a bid to cut local pollution and reduce operating costs.

The new integrated baggage system is aimed at enhancing baggage processing reliability.

Heathrow’s Q6 plan also calls for increasing the tariff by 5.9% to £19.33 per passenger during 2012-13 and £27.30 during 2018-19 to pay for the investment, which requires approval from the UK Civil Aviation Authority (CAA).


Image: Heathrow airport’s Terminal 2 is scheduled to commence operations in 2014. Photo: courtesy of LHR Airports Limited.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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