Osborne hails airport investment

Chancellor George Osborne today hailed an £800 million plan for Chinese investment in Manchester Airport as evidence the Government’s plan to bring in more international expense into Britain was working.

Speaking in Beijing, Mister Osborne said the scheme will be one of the biggest projects since the building from the Olympic Park.

Manchester Airports Group today announced it was partnering with Beijing Construction Executive Group (BCEG), Carillion PLC and the Greater Manchester Pension Fund to produce ‘Airport City’.

It really is intended to be the centre piece of the Government-designated enterprise zone around Manchester Airport. Outline planning permission was secured in May.

Mister Osborne said: “(It is) £800 million of investment, 16, 000 new jobs and one of the greatest developments since the Olympic Games.

“I think it implies that our economic plan of doing more business with China and also ensuring more economic activity in Britain happens outside the City of London is definitely working.

“That’s great for Britain and good for British individuals. ”

Xing Yan, managing director of BCEG, stated: “To be included in such an fascinating and unique development is a real honor. To be part of a project of this size and scale, working alongside other such highly regarded organisations, will be an exciting, challenging and rewarding opportunity, which we look forward to beginning.

“We see our involvement in Airport terminal City as an extension of the memorandum of understanding between China and the UK, where we have been looking to further explore joint infrastructure opportunities for some time. ”

Charlie Cornish, Chief Executive of MAG, said: “We are delighted to confirm organisations associated with global standing as our joint venture partners.

“The inclusion of BCEG is significant since as a Group, we have been keen to make greater links with the Far East and this gives us an opportunity to strengthen vital business links with China. inch

Under the plans, Airport terminal City will provide 5m sq ft of development, a mix of offices, hotels, advanced manufacturing, logistics and storage.


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Chancellor George Osborne today hailed an £800 million plan for Chinese investment in Manchester Airport as evidence the Government’s plan to bring in more international expense into Britain was working.

Speaking in Beijing, Mister Osborne said the scheme will be one of the biggest projects since the building from the Olympic Park.

Manchester Airports Group today announced it was partnering with Beijing Construction Executive Group (BCEG), Carillion PLC and the Greater Manchester Pension Fund to produce ‘Airport City’.

It really is intended to be the centre piece of the Government-designated enterprise zone around Manchester Airport. Outline planning permission was secured in May.

Mister Osborne said: “(It is) £800 million of investment, 16, 000 new jobs and one of the greatest developments since the Olympic Games.

“I think it implies that our economic plan of doing more business with China and also ensuring more economic activity in Britain happens outside the City of London is definitely working.

“That’s great for Britain and good for British individuals. ”

Xing Yan, managing director of BCEG, stated: “To be included in such an fascinating and unique development is a real honor. To be part of a project of this size and scale, working alongside other such highly regarded organisations, will be an exciting, challenging and rewarding opportunity, which we look forward to beginning.

“We see our involvement in Airport terminal City as an extension of the memorandum of understanding between China and the UK, where we have been looking to further explore joint infrastructure opportunities for some time. ”

Charlie Cornish, Chief Executive of MAG, said: “We are delighted to confirm organisations associated with global standing as our joint venture partners.

“The inclusion of BCEG is significant since as a Group, we have been keen to make greater links with the Far East and this gives us an opportunity to strengthen vital business links with China. inch

Under the plans, Airport terminal City will provide 5m sq ft of development, a mix of offices, hotels, advanced manufacturing, logistics and storage.

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