Beijing Capital International Airport, which manages China's largest airport, has been granted an eight billion yuan (about HK$7.49 billion) credit line for the airport's expansion.
The credit facility was granted by China Development Bank - the country's largest policy bank and largest development financing institution - on Tuesday, mainland media reported yesterday.
Apart from funding the third phase of the airport's expansion project, the credit line would also be drawn on to finance the company's other investment activities.
Li Peiying, the chairman of China's No 1 airport operator, said the third-phase expansion would cost the company 12.5 billion yuan in the next five years.
In the third phase, the airport would add one runway, one terminal building and other related infrastructure.
The airport last year saw its passenger throughput reach 24 million. During the first half of this year, passenger throughput rose 14 per cent to 12.54 million.
