Hotel complex to be built next to Beijing airport

24 November 2005

Beijing, China, 24 Nov – Beijing Capital International Airport (BCIA) has launched a tender for building a hotel complex to a total value of USD 74 million, said BCIA manager Liu Guixin.

This is the first time the state company has requested private investors to take part in a project.

According to Guixin the complex will include a 4-star hotel, a budget hotel and a building for national and international air carriers. The complex will take 20 months to build and the concession of the tender will be decided in December of this year.

The complex will be located next to Terminal 3 and should be finished in 2007. At the same time a new highway and a metro line will be built to link Beijing to the new terminal.

The hotel complex is part of the Beijing Airport renovation project of a total value of USD 3.7 billion. The airport is currently working over capacity and the reconstruction project will equip it to deal with the influx of passengers and cargo expected during the 2008 Olympic Games.

Liu Guixin said the tender was also open to proposals from foreign companies.

Guixin added that business conditions after the Games are expected to be very good given that there is an increasing number of businessmen traveling to Beijing and a new 200,000 square-meter exhibition center will be built next to the airport.

35 million people currently pass through Beijing Airport as well as 790,000 tons of cargo each year. After the renovation those figures will increase to 72 million passengers and 2 to 3 million tons of cargo, making it the world’s 10th busiest airport. (macauhub)