“上海第三机场”，重大进展

Core Insights - The Nantong New Airport project has made significant progress with the establishment of a joint venture company on August 15, 2023, involving Shanghai Airport Group and Nantong Urban Construction Group, with respective shareholdings of 51% and 49% [2] - The registered capital of the new company is 1 billion yuan, and its business scope includes civil airport operations, public air transportation, construction engineering, aircraft maintenance, and general aviation services [2] - The Nantong New Airport is positioned as a crucial component of the Shanghai International Aviation Hub, aimed at serving the Yangtze River Delta integration and accommodating overflow passenger traffic from Shanghai and surrounding areas [2] Project Details - The planned Nantong New Airport will feature two long-distance runways and a terminal designed to handle an annual passenger throughput of 40 million, with a long-term capacity of 80 million [3] - The airport is classified as a 4F operational level facility, with future provisions for two additional runways and a satellite terminal [3] - The Civil Aviation Administration of China approved the site selection for the Nantong New Airport in September 2020, with the preferred site located in Tongzhou District, Nantong [3] Strategic Importance - The Nantong New Airport is approximately 100 kilometers away from both Shanghai Hongqiao and Pudong airports, highlighting the importance of transportation network planning and collaboration between Shanghai and Jiangsu for the airport's success [3] - The cooperation agreement between Shanghai and Jiangsu has already addressed the necessary transportation network planning to ensure effective connectivity among the three airports [3]