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Heathrow's new runway delayed until at least 2028 [Reuters]

FERROVIAL S A UNSP/ADR (FRRVY) 
NASDAQ:AMEX Investor Relations: ferrovial.com/en/ir-shareholders
Company Research Source: Reuters
Heathrow's new runway delayed until at least 2028 LONDON (Reuters) - An expansion plan for Britain’s Heathrow Airport will be delayed by more than a year and a third runway now will probably be completed between early 2028 and late 2029, the airport said. The delay came after Britain’s aviation regulator, the Civil Aviation Authority, said the airport could not increase its spending on early construction costs to ensure that the runway was built by the end of 2026, as it wanted. The CAA said it was in the best interests of consumers for Heathrow to spend more than 1.6 billion pounds ($2.1 billion) on early construction, rejecting the airport’s 2.4 billion-pound plan. British Prime Minister Boris Johnson has opposed Heathrow’s expansion, but parliament has approved the 14 billion-pound plans, which include building the first full-length new runway in the London area for 70 years. The expansion plan is also opposed by climate change protesters and some local residents. It is being chall Show less Read more
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