Core Viewpoint - The operator of Heathrow Airport in London announced an expansion plan worth £49 billion (approximately $64.7 billion), which includes the long-discussed construction of a third runway expected to be operational by 2035 [1] Expansion Plan Details - The expansion will be funded entirely by private capital, with £21 billion ($27.7 billion) allocated for the construction of the third runway and £12 billion ($15.8 billion) for a new terminal [1] - The remaining funds will be used for modernization efforts [1] Capacity and Service Enhancements - The expansion is projected to add at least 30 new flight routes daily, providing more domestic transfer options [1] - The annual passenger throughput is expected to nearly double from the current 84 million to a maximum of 150 million [1] Stakeholder Involvement - The expansion plan was submitted to the UK government on July 31 [1] - Alora Group, which owns significant land and hotels around Heathrow, plans to participate in the bidding process [1]