Pudong airport renovation to add more shop

Shanghai Airport Authority told shareholders yesterday that Pudong International Airport Terminal 1 will undergo a major renovation this year to expand its retail space.

The board of the listed company agreed to invest 1.4 billion yuan (US$220 million) in the renovation project, said Jia Ruijun, vice president of Shanghai Airport Authority.

The project, slated to finish by 2014, will add 6,000 square meters of retail space to the terminal building.

Jia said it is part of their corporate strategy to "further develop non-aviation businesses," noting that revenue from the company's non-aviation businesses exceeded that from its aviation business last year.

The Pudong airport is also building its fourth and fifth runways to handle the increasing air traffic.