CHINA'S Big BUILD OUT
So extensive is the building and rebuilding of infrastructure in China that the construction crane has become the state bird, quips one U.S. executive. But he and China are serious.
From constructing airports and roads to providing logistics facilities and services, billions
IN PREPARATION FOR THE 2008 SUMMER Olympic Games, Beijing Capital International Airport is undergoing a $3.2 billion expansion, its third since the airport opened in 1958. But as impressive as that investment is and as impressive as is the expansion underway at Shanghai's Pudong International Airport, China needs many more airports. A lot more. The country, with a population of about 1.3 billion people, has only 196 airports certified to handle transport aircraft, calculates AIR TRANSPORT WORLD (ATW), like INDUSTRYWEEK, a Penton Media publication. Compared with the United States-which has more than 14,000 airports serving a population of nearly 300 million people-or Australia-which has 444 airports serving just over 20 million-China's complement of airports is woefully inadequate. "If China is to become the world's largest aviation market by 2020, it will have to move mountains of earth to provide enough runways," asserts ATW.
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