Chinese construction giant Beijing Construction Engineering Group (BCEG) has signed a deal with British firms to develop a business district around Manchester airport, the companies involved in the project announced Sunday.
The development of Britain's third busiest airport - described as one of the largest construction projects in the United Kingdom since the 2012 London Olympics - will cost 800 million pounds (S$1.59 billion).
MAG, the operator of Manchester airport; GMPF, a pension fund based in the city; and the British construction group Carillion will work alongside BCEG in the joint project, a statement released by the companies said.
A breakdown of each company's investment in the business district, dubbed "Airport City", was not given in the statement.
The development of Britain's third busiest airport - described as one of the largest construction projects in the United Kingdom since the 2012 London Olympics - will cost 800 million pounds (S$1.59 billion).
MAG, the operator of Manchester airport; GMPF, a pension fund based in the city; and the British construction group Carillion will work alongside BCEG in the joint project, a statement released by the companies said.
A breakdown of each company's investment in the business district, dubbed "Airport City", was not given in the statement.