China plans huge airport investment
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China will increase investments in aviation infrastructure to a massive CNY450 billion (US$66 billion) over the next two years, Xinhua has reported.
A total of CNY200 billion will be invested next year, including in hub airports such as Chengdu, Xi’an and Guangzhou as well as more than 40 regional airports, the newspaper reported Li Jiaxiang, Director of the Civil Aviation Administration of China (CAAC), saying in an interview. Other hubs including Shanghai, Wuhan and Nanjing and 20 other regional airports will have their infrastructure expanded in 2010, Li added.
“The investments will play an important role in boosting domestic demand, enhancing safeguards and upgrading infrastructure to keep pace with the fast development of the aviation industry,” Li said.
The CAAC’s plan is also in line with the government’s unveiling of an estimated CNY4 trillion package to be spent over the next two years to boost investment on airports, highways and other infrastructure through 2010.
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