Beijing $11 billion Daxing Airport project

26/12/2014
Project development

Rmb 70 billion

$ 11 billion

Announced

26/12/2014


Overview:

  • Beijing Daxing International Airport is a planned new international airport serving Beijing.
  • It is being built in Daxing District and parts of Guangyang District in Langfang, Hebei, located 46 km south of the city centre.
  • The new airport is expected to serve Beijing, Tianjin and Hebei and will cover an area of 2,680 hectares.
  • At Rmb40 billion ($11 billion) this is the biggest airport investment and construction project in China, and it is being developed by Capital Airport Holding Company—a subsidiary of China Airport Construction Group Corporation of CAAC.  
  • Construction on the airport began on 26 December 2014, and the projected completion date for the new airport is September 2019.

Adam Majeed - Regional editor

Jurisdiction:

China

Deal type:

Project development

Practice area:

Project development

Industry sectors:

Transport
Aviation


Firm:

Party: Capital Airport Holding Company (Project developer)