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    600009   CNE000000V89

SHANGHAI INTERNATIONAL AIRPORT CO., LTD.

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Shanghai International Airport : Fourth phase of Pudong Airport expansion project launched

01/06/2022 | 01:08am EDT

A groundbreaking ceremony was held for a raft of 82 major projects in the Pudong New Area in East China's Shanghai city on Jan 4 - with total investments valued at 317.6 billion yuan ($49.8 billion) - at the site earmarked for the latest extension of Shanghai Pudong International Airport.

The fourth phase of Pudong Airport's expansion project was launched in response to the Shanghai international shipping center construction plan during the 14th Five-Year Plan period (2021-25) and the Yangtze River Delta integration development strategy.

It aims to accelerate the interconnection of the YRD region, serve consumer demand for high-quality travel and satisfy the development needs of Shanghai-based airlines.

The fourth phase comprises six parts: a terminal area, flight zone, transport facilities, municipal engineering support facilities, a new eastern cargo area and auxiliary facilities.

After completion, it is expected to contribute to Pudong Airport's goal of reaching annual passenger throughput of 130 million.

The new terminal will include two main buildings for domestic and international businesses. With the aim of building a safe, green, smart and user-friendly complex, new technology applications will be installed - such as a public check-in system, automatic baggage sorting system and a non-baggage self-service check-in system - to elevate the overall experience of passengers.


A design sketch shows an aerial panorama of the fourth phase of Pudong Airport's expansion project. [Photo/WeChat account: saamedia]

Disclaimer

Shanghai International Airport Co. Ltd. published this content on 06 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 January 2022 06:07:01 UTC.


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Net income 2022 -1 670 M -247 M -247 M
Net cash 2022 10 192 M 1 510 M 1 510 M
P/E ratio 2022 -72,1x
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Capitalization 110 B 16 275 M 16 275 M
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Nbr of Employees 8 122
Free-Float 55,7%
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