SHANGHAI, April 13 (Reuters) - China's economic planner on
Thursday approved China Eastern Airlines'
13.2-billion-yuan ($1.92 billion) plan for a base at an
expansive new airport in Beijing that could eventually be the
world's largest, when completed.
The National Development and Reform Commission said in a
statement on its website that the base will cover 1.17 million
square meters, and 30 percent of the investment, or 3.96 billion
yuan, will be funded by China Eastern.
The remaining 92.4 billion yuan will be financed using
domestic bank loans, the statement added.
China plans to complete the first phase by 2019, and will be
able to serve 45 million passengers a year with four runways on
the first opening. Two more phases would push the capacity to an
annual count of 100 million passengers.
That would put the airport as the world's largest in surface
area, roughly in line with Hartsfield-Jackson Atlanta
International Airport, the world's busiest by number of annual
Upon completion, rival state carrier, China Southern
Airlines Co Ltd, will also relocate to the new
airport from the existing Beijing Capital International Airport,
the airport project managers told reporters last year.
They said China Eastern and China Southern will handle 40
percent of the new airport's footfalls.
($1 = 6.8848 Chinese yuan)
(Reporting by Brenda Goh; Editing by Sherry Jacob-Phillips)