London's Heathrow Airport will submit its proposal for a third runway this summer, the chief executive of the hub said, weeks after the British government threw its weight behind the project citing its potential to boost trade and economic growth.

London's Heathrow Airport (LHR) will submit a proposal for a third runway to the U.K. government this summer and hopes to use it for flights within the decade.

Heathrow Airport plans a multi-billion-pound expansion to Terminals Two and Five to increase capacity, improve customer experience, and upgrade infrastructure. This privately funded project precedes a proposal for a third runway,

London's Heathrow Airport, one of the world's busiest hubs, will submit its proposal for a third runway to the British government by summer, its chief executive Thomas Woldbye will say in a speech on Wednesday.

Heathrow Airport is set to confirm a multi-billion pound investment plan to expand two of its terminals ahead of submitting proposals for a third runway to the government this summer. On Wednesday, chief executive Thomas Woldbye will unveil funding to increase capacity at terminals two and five,

British finance minister Rachel Reeves is expected to back the expansion of Heathrow Airport on Wednesday, turning to the country's most controversial infrastructure project in her hunt for economic growth.