China : CAAC - China to invest 77 billion yuan in civil aviation infrastructure.
China is set to invest 77 billion yuan (U.S. $11.9 billion) to build civil aviation infrastructure, especially airports, this year.
The Civil Aviation Administration of China (CAAC) said the country will start with 11 major construction projects and 52 aviation-related upgrades.
According to a statement released on Wednesday after a State Council executive meeting, the aviation industry will be given preferential treatment to enhance transportation, foster new growth engines, and boost employment and the service sector.
Head of the CAAC, Feng Zhenglin, said,"The general aviation sector, especially aircraft research and manufacturing, has became a hot spot of both industrial upgrading and social concern."
[c] 2016 Al Bawaba (Albawaba.com) Provided by SyndiGate Media Inc. ( Syndigate.info ).
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|Date:||May 6, 2016|
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