7-May-2010 11:35 AM

Hangzhou Xiaoshan Airport to invest USD1.5bn on expansion

China’s Hangzhou Xiaoshan Airport announced plans to invest CNY10.4 billion (USD1.5 billion) in Phase II of its expansion project in order to capture more international services (Yicai.com, 06-May-2010). Phase II includes construction of two new terminals and one new runway. Funding will be predominantly through bank loans. Meanwhile, General Manager, Eric Wong, stated the airport has yet to reveal its IPO plans.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More