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.
