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QINGDAO TODAY
在线翻译:
szdaily -> Business/Markets -> 
Private investment in airports encouraged
    2018-09-05  08:53    Shenzhen Daily

THE country’s top economic planner said it will encourage and seek to attract private investment to help build general aviation airports to improve transport connectivity and curb local government debt risks.

The National Development and Reform Commission (NDRC) made the comments in a statement published on its website yesterday.

China has been looking to spur its fledgling general aviation industry which uses aircraft such as private jets and helicopters. It has also said that it wants to open China’s broader aviation industry up to more private investment.

The government previously said in late August that it would encourage private investment in 28 airport, drone and maintenance projects worth a total of 110 billion yuan (US$16 billion).

Eleven of those projects already have private investors, such as the Ezhou cargo airport in Hubei Province that Chinese courier S.F. Holding is investing in, the Civil Aviation Administration of China said in a joint statement with the NDRC.

The remaining 17, which include a flight training school, drone delivery projects and some support services for Beijing’s new airport, are seeking private funding, the statement added.

Among them are China National Aviation Holding Co., the State-owned shareholder of the country’s flag carrier Air China, which wants partners for a logistics mixed-ownership reform project valued at 10 billion yuan.

TravelSky Technology, which provides information technology services to China’s aviation and tourism industries, is also open to private investment in an aviation logistics information project, it said.

The regulators plan to open up more projects to private investment and will release details in due course, it added.

China said in January that it would ease investment access to its aviation industry. These reforms are also in line with a broader effort China has been making to restructure its State-owned industries.

China is the world’s fastest growing aviation market and is forecast to surpass the United States as the biggest from 2022, according to the International Air Transport Association.

(SD-Agencies)

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