Heathrow Airport has announced a significant investment plan of £2.3 billion aimed at upgrading its facilities over the next two years. This initiative is touted as the largest private sector capital investment in UK transport infrastructure, surpassing previous forecasts of £244 million.

The funds will be allocated for enhancements across all terminals, focusing on improving baggage delivery systems and supporting both departures and arrivals. This announcement follows the recent acquisition of a 37 percent stake in the airport by French buyout firm Ardian and Saudi Arabia’s Public Investment Fund (PIF).

Heathrow officials assert that this investment will stimulate economic growth throughout the UK. Chief Executive Thomas Woldbye emphasized the airport's role as the country's gateway to global trade and tourism, stating that it is essential for the UK’s industrial strategy to ensure the airport is equipped for future demands.

Woldbye further highlighted that Heathrow plans to invest over £1 billion annually in private sector funding to enhance facilities for airlines and passengers, thereby fostering economic opportunities nationwide. The airport is on track for a record-breaking year in 2024, with passenger numbers projected to exceed 80 million.

Despite this optimistic outlook, Heathrow has faced criticism regarding its aging infrastructure. Emirates CEO Sir Tim Clark has publicly condemned the airport's condition, describing it as “dismal and dilapidated” and comparing it to a Second World War facility.