GBG 0.00% 2.9¢ gindalbie metals ltd

china to build 97 new airports by 2020

  1. cpg
    3,625 Posts.


    Imagine the steel they will need. WOW. Thats why you buy GBG and MMX.




    ''China announced plans Saturday to build nearly 100 new airports by 2020 to cater for soaring demand.''

    The proposals will mean eight out of every ten residents will live within 100 kilometres (60 miles) of an airport within 12 years, the General Administration of Civil Aviation said.

    It put the cost of building the 97 new airports at 450 billion yuan (61.6 billion US dollars).

    Air traffic volume rose 16 percent to 185 million passengers in 2007, according to official figures.

    http://news.smh.com.au/china-to-build-97-new-airports-by-2020/20080126-1ocs.html

    The General Administration predicts passenger traffic will grow by 11.4 percent a year between now and 2020, and freight traffic by 14 percent.

 
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