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Article: Taiwan plans multibillion-dollar project to modernize international airport
- Article from:
- AP Worldstream
- Article date:
- April 22, 2008
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Taiwan plans to spend billions of dollars (euros) to renovate its dilapidated international airport near the capital of Taipei and build an ultramodern satellite town around it, officials said Tuesday.
The plan, which includes building a new terminal, an additional runway and airport maintenance facilities, is a key infrastructural project proposed by incoming President Ma Ying-jeou.
As planned, a satellite town will be built next to the airport development to include hotels, shopping malls, trade exhibition halls and a residential area.
Total investment for the Taoyuan International Airport and the adjacent town _ occupying an area of 7,200 hectares (17,780 acres) _ is ...