Capital growth in China

Article Abstract:

China will spend 70 billion yuan ($8.4 billion) between 1996 and 2001 to modernize its airports in an effort to cope with a projected sharp increase in passenger traffic. According to the International Air Transport Association, Chinese airports will handle some 100 million passengers per year by 2000, double the 1996-97 figure. Under the spending plan, the Civil Aviation Administration of China is building or modernizing 41 main airports, whose combined capacity will handle 95% of the country's total requirement. Among the big-ticket projects are the terminal expansion at Beijing Capital Airport and teh construction of Shanghai Pudong.

China, Government expenditures

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The sale of the century

Article Abstract:

Mexico plans to privatize its 35 busiest airports. The government has divided the 35 airports into four groups: Mexico City group, North Central group, Pacific group and Southeast group. Bidders including at least one Mexican company and one internationally active airport operator will be offered a 15% equity stake in the airport groups. If performance targets are achieved, an option on an additional 5% will be offered. The government aism to pare its shareholding in each group to less than 50% as a result of public offerings.

Asset sales & divestitures, Mexico

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