SF Express to build Asia's first professional cargo airport

Chinese logistics firm SF Holding Ltd announced on Thursday an investment of 2.3 billion yuan ($348 million) to build Asia's first professional cargo airport in the heart of the country.

The project has already been reported to the National Development and Reform Commission and construction is expected to start soon in Ezhou, a city near Wuhan, the capital of Hubei province.

The provincial government and an investment company in Shenzhen also invested 2.45 billion yuan and 250 million yuan respectively, bringing the total registered capital of the new airport to 5 billion yuan.