South Korean company wants to build new $3 billion airport in China

LONDON (AP) A South Korean travel agency is trying to build a new $2 billion airport near the Chinese border.

The Korea Tourism Development Corporation said Thursday it has been in talks with the China International Air Transport Association (CITA) to develop a facility that would cater to travelers from China, Korea and Vietnam.CITAs regional office in Beijing said in a statement it will also offer incentives for foreign airlines to invest in the proposed airport in a bid to boost trade with China.

It said the company will be able to build the airport on reclaimed land and is developing an infrastructure to support the project.