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China : China's top economic planner approves three transport infrastructure projects worth USD12B.

China's top economic planner has announced approval for three transport infrastructure projects with a total investment of almost 80 billion yuan (about 12 billion U.S. dollars).

The National Development and Reform Commission (NDRC) passed a 41-billion-yuan project for the expansion of the Urumqi International Airport in the northwestern Xinjiang Uygur Autonomous Region.

In order to increase the airport's passenger throughput to 63 million and cargo and mail throughput to 750,000 tonnes by 2030, two runways and a new terminal covering 450,000 square meters will be built.

The NDRC also granted approval for the construction of a 111.8-km section of a rail line connecting the eastern cities of Shanghai and Nantong, with an estimated investment of 36.8 billion yuan.

The project to build a 1.5-billion-yuan new civilian airport in Yulin City of the southern Guangxi Zhuang Autonomous Region also won approval.

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Publication:Mena Report
Geographic Code:9CHIN
Date:Aug 21, 2017
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