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International Business Times
International Business Times
Business

Heathrow Unveils GBP49 Bn Expansion Plan For Third Runway

An aerial photograph taken on March 21, 2025 shows planes parked on the tarmac of Heathrow Airport, which has submitted a $49 billion to expand the site and build a third runway (Credit: AFP)

London's Heathrow Airport on Friday unveiled a GBP49-billion ($65 billion) expansion plan, including the costs of building a long-awaited third runway, approved by the UK government after years of legal wrangling.

The runway would cost GBP21 billion, with flights expected to take off within a decade, while the rest of the privately-funded investment will go toward expanding and modernising the airport.

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