Listen Live
    Shangai Airport

    China to Invest $11.7Bln in Civil Aviation Development in 2016

    © Flickr/ Tomás Fano
    Business
    Get short URL
    0 53
    Subscribe

    Beijing has earmarked $11.7 billion for developing civil aviation infrastructure in 2016, local media reported Monday.

    BEIJING (Sputnik) The construction of 11 important infrastructure facilities, as well as modernization of 52 other facilities of civil aviation are due to commence in 2016, China Daily reported, citing a statement by the Civil Aviation Administration of China (CAAC).

    CAAC is set to announce a plan on the construction of new civil airports due to be completed by 2030.

    Chinese authorities are planning to intensify work on the construction of new airports in Beijing, Chengdu, Qingdao, Dalian and Xiamen. According to the media outlet, the authorities expect to build 66 new airports, bringing their number in mainland China to 272 over the next five years.

    Related:

    Another Bubble? China’s Corporate Bonds Market Surges on Shadow Investment
    China to Offer Malaysian Investors $8Bln Quota in National Stock Exchange
    China Hails Taiwanese Decision to Join Asian Infrastructure Investment Bank
    Tags:
    infrastructure, aviation, investment, China
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik