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Heathrow Warns Investors as £33B Runway Plan Awaits Commitment

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Story summary
  • Heathrow chief executive Thomas Woldbye warned investors they cannot wait indefinitely for Prime Minister Andy Burnham’s runway commitment.
  • The runway scheme costs £33 billion and would be fully privately financed.
  • Investors include Qatar Investment Authority, Saudi Public Investment Fund, China Investment Corp, Singapore’s GIC and Ardian.
  • Heathrow seeks planning permission by 2029 and hopes construction could finish within a decade, possibly opening as late as 2039.