Heathrow Airport investors ready to fund new runway

London

SHAREHOLDERS in London's Heathrow Airport are ready to invest £16 billion (S$28.6 billion) if the government chooses it as the site for airport expansion, one of the investors said in a letter to Britain's new prime minister Theresa May.

Heathrow, Europe's busiest airport, has been campaigning for years to build an extra runway, but a decision has been delayed by successive governments worried about pollution and local opposition. Other airports say they should expand instead.