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ASIA

Daxing: Beijing’s new airport welcomes 52 million visitors

ASIA: According to data released by Beijing Daxing International, the capital’s newest airport, the number of visitors passing through has increased to 52 million in the first three years of operation. Last Sunday marked the third anniversary of the official opening of Daxing Airport. With a total of 450,000 flights, this can also serve freight …

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The world biggest airport capable to serve 100 million passengers

ASIA: Beijing Daxing International Airport (PKX), also known as Beijing New Airport, is the world’s largest. The mega-airport hub is capable to handle up to 45 million passengers per year by 2021 and capacity of 100 million in the future. Daxing airport is located on the border between Beijing and Langfang, Hebei Province, with a …

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Vietnam’s $58 billion high speed railway project is being considerated

ASIA: The government of Vietnam on Sunday said​ it is considering a high-speed railway project that would cost up to $58.7 billion. The Southeast Asian country’s transport ministry will submit a proposal to Politburo, the powerful decision-making body of the ruling Communist Party of Vietnam, next month, according to a government news release. Vietnam, a …

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Why Manila cancels $5 billion railway deal with Beijing?

ASIA: Cesar Chavez, the transportation undersecretary of the country’s transport ministry, said Beijing’s “failure to act on funding’s proposal,” and ordered a renegotiation of the entire deal, either with Beijing or other potential partners. An explanation came after the Philippines withdrew from a 276-billion-peso ($4.9 billion) infrastructure funding deal with China. The plans negotiated by …

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A $1.2 billion skyscraper business center project on Koh Pich

PHNOM PENH: According to Property Area, the world-class shopping center will span approximately 5 hectares and locate in the former night market and playground in the satellite city, Koh Pich.​ The site is currently active with machinery and trucks transporting materials and workers. Touch Samnang, Deputy General Director of OCIC, recently stated that, as far …

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China’s 833 projects worth over $16 billion in Laos

ASIA: According to the country’s planning and investment minister Khamjane Vongphosy, China remains the largest foreign investor in Laos, having invested approximately $16.4 billion in 833 projects so far. According to a recent article in the Vientiane Times​ and The Investvine, the economic sectors into which the investments went are diverse, ranging from small, medium, …

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