$65b on Airport projects for 2 years
November 18th, 2008
At least 60 airport projects have begun to get a total of 450 billion yuan ($65.88 billion) several days ago. According to a CAAC press release, at least 40 of the projects will start next year and cost 200 billion yuan.
The money will be used to expand existing airports in Shanghai Pudong, Guangzhou, Chengdu and Nanjing and build new ones in many inland cities, including Yan’an city in Shaanxi province and Daocheng in Sichuan province.
A CAAC spokeswoman said that in order to stimulate domestic Read more…
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