China approves five new airports

Dino D'Amore
By Dino D'Amore October 23, 2014 20:11

China approves five new airports

During September, the Chinese central bank injected CNY500 billion ($81 billion) into five major state-owned banks with the intention of using that money on important infrastructure projects, including five new airports: one each in the north western-provinces of Qinghai and Inner Mongolia, one each in the south-western provinces of Yunnan and Guizhou, and one in the north-eastern province of Jilin.

The cost of construction of the five sites, as well as three railway systems has been reported to be around CNY150 billion ($ 24.5 billion).

Dino D'Amore
By Dino D'Amore October 23, 2014 20:11