New Civil Engineer
Rob Hakimian

Spanish infrastructure giant Ferrovial has decided it will no longer invest in Heathrow Airport following a decision by the Civil Aviation Authority (CAA) to block a major increase in landing charges.

With Ferrovial being Heathrow’s largest shareholder, owning 25%, this decision places airport’s long-running plans for a third runway into serious jeopardy.

As reported by The Sunday Telegraph, the Spanish company was displeased by the CAA’s decision to block a 90% increase in landing charges from the New Year, offering instead a 56% hike.

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