Airport City ready for take-off with Chinese investment
WORK is due to start on Manchester Airports Group's (MAG) £800m Airport City scheme next year after a joint venture deal was agreed with the Beijing Construction Engineering Group (BCEG), which is backed by a Chinese state bank.
Chancellor George Osborne announced the partnership at Beijing Airport yesterday while on a trade mission.
The joint venture also includes construction group Carillion and the Greater Manchester Pension Fund (GMPF). Argent has been appointed as the development manager for the scheme. ... For the full story register now for free or login below...