Airport projects get $65b for 2 years

A total of 450 billion yuan ($65.88 billion) will be spent on at least 60 airport projects, which will start in the next two years, the Civil Aviation Administration of China (CAAC) said yesterday.

At least 40 of the projects will start next year and incur an expenditure of 200 billion yuan, a CAAC press release said.

Existing airports in Shanghai Pudong, Guangzhou, Chengdu and Nanjing will be expanded, and new ones will be built in many inland cities, including Yan'an in Shaanxi province and Daocheng in Sichuan province.