Beijing Issues Bond to Finance New Airport – Investment Advice by CWIIL Group of Companies

Lawmakers in Chinese capital Beijing approved Friday government plan to issue additional bonds worth 6.7 billion yuan ($1 billion) to finance the building of the new airport.

Around 4 billion yuan of the bonds will be used to support land expropriation and housing demolition in the project, Li Yingjin, head of the municipal finance bureau, said in a report to the municipal people’s congress on adjustment to the 2015 budget.

Li attributed the increased funding to reasons like larger demolition areas. According to an early report, 23.8 billion yuan will cover land compensation fees for the new airport.

The construction of the new airport in southern Beijing’s Daxing District started in December 2014 and take about five years to complete.

The airport, which is designed to handle 72 million passengers, 2 million tons of cargo and mail, and 620,000 flights by 2025, will meet Beijing’s rising demand for air transportation and help achieve balanced development in the capital’s southern and northern areas.

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Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advise and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all investment matters ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessing of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and unknowledgeable investment advice can be disastrous and thus should be avoided.

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