China : OSBOURNE: MANCHESTER AIRPORTS to receive £800 million investment [TendersInfo (India)]
(TendersInfo (India) Via Acquire Media NewsEdge) Chancellor George Osbourne declared that under a joint venture agreement Manchester Airport will get £800 million investment.
The 'Airport City' project will be looking after by Beijing Construction, (BCEG) as well as the UK's Carillion Plc and the Greater Manchester Pension Fund, whereas Argent has been appointed as development manager for the scheme.
We are delighted to confirm organisations of global standing as our joint venture partners, said Manchester Airport Group (MAG) chief executive, Charlie Cornish, The inclusion of BCEG is significant because as a group, we have been keen to forge greater links with the far east and this gives us an opportunity to strengthen vital business links with China.
To be included in such an interesting and unique development is a real honour, said Xing Yan, managing director of BCEG International, To be part of a project of this size and scale, working alongside other such highly regarded organisations, will be an exciting, challenging and rewarding opportunity, which we look forward to beginning.
Yan added, We see our involvement in Airport City as an extension of the memorandum of understanding between China and the UK, where we have been looking to further explore joint infrastructure opportunities for some time.
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