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Edski777
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Vertrek, from what I have read the € 1 billion is mainly to improve the terminal building, extend and improve even further the facilities for passengers. Especially for intercontinental and transfer passengers.
The last looks interesting for travellers to/from the UK.
Als the Schengen area will be improved.

Apparently there are plans to seperate the flows of arriving and departing passengers and the extension and improvement of various lounges.

Capacity in terms of the number of flights is increased from 420.000 in 2011 to a maximum of 510.000 in 2020. Further growth is anticipated and is already planned for. This awaits further government approval. With the 7 th runway Schiphol has no need to further extend this in order to grow in passenger numbers.

The agreement reached this week plans for charter airlines to be moved to an airport in Flevoland, roughly 50 kilometers to the east of Schiphol, thereby giving non-charter airlines the opportunity to grow even further.

The growth is to come from AF/KLM and their Skyteam partners. The cooperation is not only based on airlines joining, but also on Schiphol developing first class airport facilities abroad. An example is JFK T4 that is managed by Schiphol Group and where Skyteam partner Delta is the main user. Other Skyteam partners are expected to move in there as well.

That Schiphol is up to the job they recently demonstrated with the renovation/remodelling of JFK T4 within time and budget. Delta is the happy new user of that part of infrastructure.

And VK: it is not the amount of budget that is available, it is what you do with it. LHR has major constraints. I can’t see how to turn LHR in an airport with comparable facilities and infrastructure.

Quote (Bloomberg)

“The investment plans will cover the completion of Terminal 2, due to open in 2014, and the early stages of an extension, Heathrow said. Other improvements over the next five years include the roll-out of self-service bag drops, additional automated check-in kiosks and a new baggage system to reduce the number of lost bags.”

End quote.

A large chunk of the 3 billion pound is being spend at the completion of T2 at LHR.
Schiphol already just (2011/2012) installed a brand new baggage system and is a worldwide leader in innovative passenger handling in terms of automated check-in and self service baggage drop systems. This also applies to automated immigration and passport control systems for frequent fliers and regular travellers.

Schiphol has a masterplan that was drawn up in 2007 and plans ahead up till 2025. And this Masterplan is constantly updated and plans are being realised.

As far as LHR is concerned: people talk a lot, but especially on the infrastructure, very little seems to be done. What we require is the same approach as the Dutch have to win back some of the lost ground.
Amsterdam, Frankfurt and Paris are not asleep.

Basically this is what the Bloomberg report also says.