As of April 2010, the HNA Airport Holding (Group) Co., Ltd. (formerly HNA Airport Management), has awarded Easen International Co., Ltd with the contract for the Implementation of the ADB financed Midwest Airport Development Project. Under this contract, the ADB will provide an RMB 1.2 billion Loan and Equity Investments accounting for 50 million USD in order to support the HNA Group expansion and Capital Expenditure plans, with the main objective of promoting the rehabilitation, expansion, physical and operations upgrading as well as privatization of Small and Medium Airports in the Central and Western regions of the People’s Republic of China.
The Project aims to: (i) enhance the development of efficient Medium and Small Airports in Central and Western China through private sector participation, (ii) ease the financial constraints being faced by provincial and/ or municipal governments through mobilization of private sector capital, and (iii) support regional economic growth and equitable economic development of the country.
Easen International will provide Consulting Services for the project, assisting in preparing Social and Environmental Monitoring Reports in accordance with ADB’s requirements and regulations. EASEN’s experts will begin mobilization from May 2010 and implement the project in three stages: Preparation, On-site Investigation and Reports Preparation.