China’s SF Express wins approval for US$5.9 billion cargo airport

BEIJING - The State Council, China’s cabinet, has approved plans for a cargo airport backed by courier SF Express Co. Ltd. The airport — which will be built in the city of Ezhou, 98 km from Wuhan, the capital of Central China’s Hubei province — was approved by the Civil Aviation Administration of China (CAAC) in 2016, pending the green light from the State Council.

The airport — which is slated to cost around RMB37.3 billion (US$5.9 billion) — will be mainly funded by SF Express-subsidiary Shenzhen SF Taisen Co. Ltd. and the Hubei provincial government. The CAAC and the National Development and Reform Commission, China’s top economic planner, will also contribute, Caixin reports.   www.webershandwick.cn (ATI).