Greenland on Monday picked Denmark as partner in a planned upgrade of two airports as it sought to defuse a diplomatic row over how the infrastructure projects, of strategic interest to both Washington and Beijing, should be financed.
The Arctic island is a self-ruling part of Denmark, which is concerned that Chinese investment — on the agenda since Greenland Prime Minister Kim Kielsen visited Beijing last year — could upset the United States.
Kielsen on Monday agreed to let Denmark pay 700 million Danish crowns ($109 million) for a 33 percent stake in Kalaallit Airports, a state-owned company set up to build, own and operate the airports in the capital Nuuk and the tourist hub in Ilulissat.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.