Chinese construction giant Beijing Construction Engineering Group has agreed a deal to invest in Manchester's £800m airport city development. BCEG will join forces with a consortium, comprising Carillion and the Greater Manchester Pension Fund, to build the project, with Argent acting as development manager. BCEG's backing for the scheme, which is one of the largest regeneration schemes in the UK since the Olympics redevelopment in east London, was announced by the chancellor on a trade mission to China this week. Chancellor George Osborne welcomed the investment at the launch at Beijing airport of the Manchester-China Forum, the business-led body set up to promote ties between Manchester and China.
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