China to invest USD13 billion in 25 airport projects in 2010

CAAC reportedly plans to invest USD13 billion in 25 airport expansion projects in 2010, including renovations at Shanghai Hongqiao Airport, Shenzhen Baoan Airport and Hangzhou Xiaoshan Airport, and the construction of the Kumming New Airport and Hefei New Airport (Xinhua, 08-Mar-2010). CAAC constructed and upgraded 22 airports in 2009, as part of the country's USD586 billion stimulus package.