In 2008, the Asian Development Bank (ADB) and the Hainan Airlines Airport Holding (Group) Co., Ltd. signed a loan agreement for airport development projects throughout the Midwestern regions of China. The loan totals 1.2 billion RMB along with an equity investment of $50 million USD to support the development and capital expenditure plans of the Hainan Airlines Group. The project will promote the repair, expansion, upgrade, operation and privatization of small and medium-sized airports in Central and Western regions of China.
Under the loan agreement, EASEN will prepare social and environmental monitoring reports twice a year that meet ADB requirements. In addition, EASEN’s team experts will evaluate the progress of land requisition and resettlement for the airports included in the project. Consulting services will comprise of three stages: Sub-Project Preparation Stage, Site Inspection Stage, and Report Preparation Stage and will begin in May 2010.