23-Jul-2012 2:17 PM

China to construct 82 new airports by 2017; lack of airports contributing to losses

China's Li Jiaxian stated China will construct 82 new airports, the majority in the nation's regional cities, over the next five years for a total of 230 airports by 2017 to speed up the development of China's domestic aviation industry, according to Carnoc.com, Global Times and Xinhua reports. Mr Li also stated China will expand 101 existing airports, emphasising "the plan must consider future development space and not waste money on useless infrastructure". National Development and Reform Commission Infrastructure Department director Huang Min also stated China will expedite approvals for the construction of new airports this year adding 10 to 20 new airports have already been approved so far this year. As previously reported, two thirds of China's airports, most of then in regional areas, reported a combined loss of CNY2000 million (USD313.8 million) in 2011. Mr Huang believes "the reason money is being lost is because China has too few airports".

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