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Sovereign Wealth Funds Briefing - Categorized | Investment

Chinese state to fund new London airport

Posted on 25 July 2013

China is set to add another British asset to its portfolio, as London mayor, Boris Johnson, is preparing to approach China and South Korea for state funds to build the Isle of Grain airport in north Kent. The Mayor’s advisers have reportedly held talks with Chinese sovereign investment fund, China Investment Corporation (CIC), and officials in Seoul to fund the project.
Other institutional investors, including City-based pension funds and infrastructure firms, have also said that they would consider funding the Isle of Grain scheme, which has been called the Thames Hub Airport. CIC is already a minority shareholder in Heathrow Airport Holdings………………………………………..Full Article: Source


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