Want Chine Times, Staff Reporter 2015-06-30
The Civil Aviation Administration of China (CAAC) will earmark up to 500 billion yuan (US$80 billion) for 193 large and medium aviation development projects by the end of this year to improve air connectivity with economies covered by the government's "Belt and Road" initiatives, Guangzhou's 21st Century Business Herald reports, citing CAAC director Li Jiaxiang.
Lanzhou Zhongchuan International Airport in Gansu province. (Photo/Xinhua) |
The Civil Aviation Administration of China (CAAC) will earmark up to 500 billion yuan (US$80 billion) for 193 large and medium aviation development projects by the end of this year to improve air connectivity with economies covered by the government's "Belt and Road" initiatives, Guangzhou's 21st Century Business Herald reports, citing CAAC director Li Jiaxiang.
At the
opening session of the China Civil Aviation Development Forum held June 24-25
in Beijing, Li said that in addition to enhancing the development of
international aviation hubs in Beijing, Shanghai and Guangzhou, the government
will move to build regional air hubs in Xi'an, Urumqi, Nanning, Kunming and
Xiamen in line with the Belt and Road plans. There are now a total of 15 new
airports under construction or set to be built in provinces or regions along
the New Silk Road Economic Belt and 21st Century Maritime Silk Road, in
addition to another 28 airports under expansion, Li added.
The 500
billion yuan civil aviation investment for 2015 represents a drastic increase
over the corresponding figures of 68.77 billion yuan (US$11.06 billion) in
2011, 146.46 billion yuan (US$23.57 billion) in 2012, and 145.22 billion yuan
(US$23.37 billion) in 2013, due mainly to a total budget of 200 billion yuan
(US$32.19 billion) to support 51 strategic investment projects directly serving
the Belt and Road initiatives, including airports, airlines and air traffic
control facilities, according to CAAC statistics.
Although Li
didn't reveal details of how the huge investment fund will be used, the paper
said that construction of new airports and the expansion of existing airports
will account for the lion's share of the investment fund. This year, the
National Development and Reform Commission has approved a budget of 80 billion
yuan (US$12.87 billion) for a new airport in Beijing, Beijing Daxing
International Airport, and another 69.2 billion yuan (US$9.52 billion) for a
new international airport in Chengdu in Sichuan province. These two projects
will account for 30% of the 500 billion yuan budget.
In
addition, airports in Guangzhou, Chongqing, Haikou, Xi'an, Lanzhou, Changsha
and Qingdao are undertaking expansion projects each costing billions of yuan,
mainly for the construction of new runways or new terminal buildings, the paper
said.
Construction
of new minor regional airports is also underway, including in Shache and
Ruoqiang in Xinjiang autonomous region, Wudalianchi in Helongjiang province,
Ulanqab in Inner Mongolia autonomous region, Longnan in Gansu province, Renhuai
in Guizhou province, Lancang in Yunnan province, and Guoluo in Qinghai
province, estimated to cost over 10 billion yuan (US$1.6 billion) in total.
Besides
fueling investment in aviation infrastructure projects, the Belt and Road
initiatives will also expand business opportunities for the aviation industry,
according to Li. He said that China now boasts the world's second-largest air
transportation system, as it has 52 airlines, 202 airports and 533
international flight routes linking 48 cities in China, laying a solid foundation
for the country's aviation industry to further internationalize.
CAAC
statistics indicated that China's international airline firms launched 131 new
international routes in 2014 and plan to add 83 more this summer and autumn. On
another front, countries along the Belt and Road initiatives will open 24 new
flight routes to China this year, with four countries to operate flights to
China for the first time ever.
No comments:
Post a Comment