Shanghai Airport Authority told shareholders Thursday that Pudong International Airport Terminal 1 will undergo a major renovation this year to expand its retail space, Shanghai Daily reported.
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, the newspaper reported.