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Airport Hotel Bid Process Takes Off

2005/12/15

Beijing Capital International Airport on November 23 invited bids for a 600 million yuan (US$74 million) hotel complex, the first time a State-owned giant has asked private investors to get involved in such a project, according to China Daily.

According to Liu Guixin, general manager of the Beijing Capital Airport Tourism Company Limited, the complex will be made up of a four-star hotel, an economy hotel and a business building for domestic and foreign carriers.

The complex will be located next to Terminal No. 3, which is under construction and is expected to be completed by 2007.

A new expressway and a metro line linking the new terminal and the city centre are also expected to be finished by that time.

The hotel complex is part of a 30 billion yuan (US$3.7 billion) renovation programme for China's top international airport in terms of history and handling capacity.

The programme will help ease pressure at the airport stemming from overcapacity and to serve people involved in the 2008 Beijing Olympic Games.



	Article featured in Business Beijing, December 2005 Publication sponsored by Information Office of the Beijing Municipal Government, Beijing Municipal Bureau of Commerce, Development & Reform Commission of Beijing Municipality, China Council for the Promotion of International Trade (Beijing Sub-Council)