Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road
Industry

China encourages private investment in 16 bln-USD civil aviation projects

August 24, 2018


Abstract : China Thursday published a list of civil aviation projects, with the combined investment estimated at 110 billion yuan (about 16 billion U.S. dollars), to encourage private investors to participate.

航空

BEIJING, Aug. 24 (Xinhua) -- China Thursday published a list of civil aviation projects, with the combined investment estimated at 110 billion yuan (about 16 billion U.S. dollars), to encourage private investors to participate.

The 28 projects cover both traditional areas such as airport construction, cargo logistics, plane maintenance, and air rescue, and emerging areas including drone delivery and airborne data communications, according to the list, released by the Civil Aviation Administration of China (CAAC) and the National Development and Reform Commission.

The move will "optimize the investment structure of the civil aviation sector" and "advance the supply-side structural reform and high-quality development of the sector," the CAAC said in a statement.

For traditional areas, the measure will revitalize the market and improve corporate management. For emerging areas, it will accelerate research and development, standard formation and market expansion, according to the statement.

The private investors for 11 of the projects have already been determined, while the remaining 17 projects are still open for participation, the CAAC said.

A second list of civil aviation projects to encourage private investment will be released "at an appropriate time," in light of the progress of the first group of projects, according to the CAAC.

Scan the QR code and push it to your mobile phone

Keyword: civil-aviation

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial