Beijing’s new airport, which has been confirmed recently by state television to be coming up at the northern bank of the Yongding River, is expected to spur development of the planned Beijing-Tianjin-Hebei urban cluster, the China Securities Journal reported Tuesday.
According to the environment impact report of the project, the new airport — which will be about 46 kilometers away from Beijing’s Tiananmen Square and 85 kilometers from the Tianjin airport — will entail construction cost of 79.98 billion yuan (US$12.82 billion). Total investment, including that on related facilities, is expected to reach more than 86 billion yuan.
The project is so far the most certain one among the planned infrastructure projects for the Beijing-Tianjin-Hebei cluster. As a center in the region, the airport will be connected by several rail transport systems to take passengers faster to neighboring destinations.
Construction is set to begin this year and expected to be completed by 2018.
The new airport comes as the existing Beijing Capital airport is facing saturation as it can only handle up to 70 million passengers a year. It is estimated that air travelers in Beijing will reach 166 million in 2020. The new airport is expected to host 45 million passengers by 2020 and 100 million eventually.
– Contact us at [email protected]