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China to spend US$17.4b on airport infrastructure
(AP)
Updated: 2006-02-28 15:35
China will spend 140 billion Chinese yuan (US$17.4 billion; euro14.7 billion)
over the next five years to expand its airport infrastructure to meet a forecast
14 percent annual growth in domestic air traffic, a civil aviation official said
Tuesday.
That is sharply higher than the 120 billion yuan (US$14.9 billion; euro12.6
billion) the government spent on airport infrastructure in the fifteen years
from 1990 to 2005.
"By 2010, the mainland will have about 186 airports, up from 142 currently,"
said Gao Hongfeng, vice-minister of the Civil Aviation Administration of China,
or CAAC. Several existing airports will also be expanded to ease the pressure on
capacity from rising traffic, he said at an aviation conference in Hong Kong.
Gaos also said China's fleet of commercial aircraft will grow to 1,580 by
2010, up from 863 currently, before reaching a total of about 4,000 aircraft by
2020.
The government will continue to expand the country's three largest airports _
Beijing, Shanghai and Guangzhou _ to help them maintain their role as China's
main international air transport hubs for passengers and cargo, he said.
Other airports slated for expansion include those in Shenzhen, Chengdu,
Haikou, and Xian, he said.
China's aggressive aviation development plans come as air traffic continues
to grow at double-digit rates. In 2005, Chinese airlines carried 138 million
passengers, up 15.5 percent from the previous year, and 3.67 million metric tons
(4 million short tons) of cargo, up 13.8 percent.
The CAAC said it expects passenger and cargo traffic to grow at an average of
14 percent a year until 2010, with growth then slowing to 11 percent annually in
the period 2011-2020.
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