OTHER NEWS - Oct. 4, 1993
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Times Staff and Wire Reports
Foreign Firms Will Bid to Run Chinese Airports: BAA, the former state-owned British Airports Authority, and Hutchison Whampoa, a Hong Kong trading house, plan to bid jointly to invest in and run the planned airports, London’s Sunday Times newspaper reported. The companies plan to make an offer to run Guangzhou airport first, then Beijing and then perhaps Shanghai. The two companies want 50-year contracts to build and operate the airports, but Chinese officials want to offer 20-year pacts, the newspaper said.
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