The entire project is expected to cost more than RMB70 billion ($11.2 billion), as reported in CAAC News. The airport would be located in the southern Daxing district and Hebei province, and will be able to handle 70 million passengers annually by 2025.
As per sources, the new airport will have seven runways, including one for military use. The final design plan is still under deliberation but earlier reports suggest that the airport will have seven runways, including one for military use. It will also incorporate concepts such as green energy and environmental protection.
The building of a new airport in Beijing was approved by the State Council in December 2012. Large-scale construction is expected to start in 2014. The new airport is aimed at easing the burden on Beijing Capital International Airport which has been ranked as the world’s second busiest airport for three consecutive years.
