Business
15:10, 15-Dec-2017
Specialist airport to serve country’s e-commerce boom
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Chinese logistics giant SF Express has signed a deal with the Hubei provincial government to build a specialist freight airport there, local authorities said on Thursday.
The airport, with an investment of five billion yuan (about 750 million US dollars), will be built in the city of Ezhou in central China’s Hubei Province, with SF Express holding a 46-percent share in the venture.
Hubei Provincial Transport Investment Group will take a 49-percent stake in the facility, which aims to meet the growing demand for air freight as delivery orders proliferate from China's e-commerce boom.
Flights are expected to start taking off from the airport in three years, and it is expected to handle 2.45 million tonnes of cargo and about one million trips annually by 2025. Construction will begin shortly.
SF Express, founded in 1993 in Guangdong Province, is one of the largest private express logistics firms in China. It went public on the Shenzhen Stock Exchange in February.
(With inputs from Xinhua)