Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Industrial Parks
 Search News  Or
Beijing's new civil airport to boost aviation industry

Feb. 8, 2012 (China Knowledge) - A drive to the farmland in Daxing District located just 31 miles (50 km) from Beijing's city-center one would easily be captivated by signboards displaying an airport is under construction.  This is a mega project that is undergoing massive filling of tarmac for the capital's third airport.

The current Beijing Capital International, which is already one of the world's busiest, will top London Heathrow Airport's 100 million passengers a year, will require expansion and new runways to meet 120 million passengers traffic. The Chinese capital's airport that was built to handle about 80 million passengers four years ago, and designed by British architect Lord Norman Foster, has met with rapid passenger usage due to China's rapid economic growth.

Located in the Daxing District, the development is going to attract plethora of aviation related businesses and services to Beijing E-Town, resulted from a merger of Beijing Economic Technological Development Areas (BDA), a triple-A rated industrial parks, with Daxing's industrial park and its district administrative authority.

Driving the aviation industry growth in Daxing District comes from Beijing E-Town that has recently inked major investments with China's largest companies that include China Aerospace Science and Technology Corp, Beijing Aerospace Wanyuan Coal Chemical Engineering Technology Co. An industrial park dedicated to the aviation industry is now undergoing development by Aviation Industry Corporation of China (AVIC). An aerospace fund was also established to finance such investments in this area.

A government official of the Daxing District said the new airport, which will cost more than RMB 100 billion, is designed to cover a land area of 55 square kilometers in 2020. BY 2030, the land area is expected to increase to a range of 80 to 90 sq km with a passenger throughput capacity of 80 million.

In the initial stage, the new airport is estimated to add about 40 million in passenger throughput capacity in 2015, bringing Beijing's total air passenger throughput capacity to more than 120 million by that year, the official added.

As the key pillar industry to be developed under the Twelve Five-Year Plan (2011 - 2015), the country will boost the development of its aviation industry that is poised to take off as one of the world's largest.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved