Airport is set for a further 10 million passengers a year with £10bn investment

HEATHROW Airport has unveiled a £10 billion investment plan to expand capacity, aiming to handle an extra 10 million passengers per year by 2031.

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The plan forms the core of the airport's 2027-2031 business proposal, which was submitted to the Civil Aviation Authority (CAA) on Friday (July 11).

It would require passenger charges being set an average of £33.26 during the period, Heathrow said.

That is compared with an average of £28.46 between 2022 and 2026.

The plan would create new space within existing terminals equivalent to 10 football pitches, enabling new lounges, restaurants and shops to be built. It would also result in faster security and baggage handling, according to the airport.