HONG KONG : Cathay to build own HK terminal

Cathay to buildown HK terminal Cathay Pacific has been awarded a franchise to build and operate a new HK$ 4.8 billion (US$600 million) air cargo terminal at Hong Kong International Airport (HKIA) with Cathay chief executive Tony Tyler saying the move was key to boosting the competitiveness of HKIA as a cargo hub in the […]


Cathay to buildown HK terminal

Cathay Pacific has been awarded a franchise to build and operate a new HK$ 4.8 billion (US$600 million) air cargo terminal at Hong Kong International Airport (HKIA) with Cathay chief executive Tony Tyler saying the move was key to boosting the competitiveness of HKIA as a cargo hub in the face of growing regional competition. A 20-year franchise agreement was signed between Cathay subsidiary Cathay Pacific Services Ltd (CPSL) and the Airport Authority of Hong Kong (AAHK) on 18 March for a common use cargo terminal.

Cathay will be responsible for designing, constructing and equipping the new cargo terminal which will have a designed annual air cargo throughput capacity of 2.6 million tonnes and will commence operation in the second half of 2011. But the latest cargo terminal plan is clearly a more diminutive version of what Cathay had planned nearly two years ago when it first proposed a new terminal to be build in two phases – the first to open in 2009 with an annual capacity of 2.5 million tonnes and the second to be completed by 2018 bringing capacity up to 5 million tonnes.

The new cargo terminal will be built in the cargo area at the airport, close to the existing cargo servicing facilities and will occupy a site area of approximately 10 hectares, according to a statement from Cathay.