LONDON, March 30 Shareholders in Britain's
biggest airport Heathrow will invest a further 650 million
pounds ($807 million) in the hub, the airport said on Thursday.
The airport said in a statement Heathrow's shareholders had
progressed plans to invest the money over the course of 2019.
Heathrow CEO John Holland-Kaye said that the announcement
was "great news for Heathrow passengers and for Britain."
Heathrow delivered a record number of passengers in 2016,
and Britain in February outlined plans for a third runway, which
will enhance its status as Britain's main airport.
Qatar is a major shareholder in Heathrow, holding 20 percent
of the unlisted airport. Earlier in the week it pledged $6
billion of investments in Britain, ahead of Britain's formal
notice of its withdrawal from the European Union on Wednesday.
"Our investment in Heathrow is much more than just an
investment in one of the world's great airports – it's an
investment in Britain's connections to the world," Sheikh
Abdulla Bin Mohammed Bin Saud Al-Thani, Chief Executive Officer
of Qatar Investment Authority, said in a statement.
($1 = 0.8058 pounds)
(Reporting by Alistair Smout, editing by David Evans)