HONG KONG: Cathay begins work on new cargo terminal
Cathay Pacific Airways, which resumed work on its new Cargo Terminal in June after a two years postponement due to the global recession, recently staged an event at Hong Kong International Airport (HKIA) to highlight the state-of-the-art features of the new facility. In March 2008, the Airport Authority awarded Cathay Pacific Services Ltd (CPSL), a […]
September 1, 2010
In March 2008, the Airport Authority awarded Cathay Pacific Services Ltd (CPSL), a wholly owned subsidiary of the airline, the 20-year franchise to invest in, design, construct and operate the new air cargo terminal with a development cost of about HK$5.5 billion. The facility, scheduled to begin operations in early 2013, will occupy a site of nearly 11 hectares in the airportÃ¢â‚¬™s cargo area.
Speaking at the event, Cathay CEO Tony Tyler said: Ã¢â‚¬Å“Hong KongÃ¢â‚¬™s position as the worldÃ¢â‚¬™s leading international airfreight hub is a remarkable achievement, but we cannot afford to take our preeminent position for granted. A concerted effort to improve Hong KongÃ¢â‚¬™s capacity and competitiveness is needed if we are to face up to growing competition from other airports in the region.Ã¢â‚¬Â
HKIA, the worldÃ¢â‚¬™s busiest in terms of international cargo, aims to handle eight million tonnes of cargo by 2025, compared with 3.35 million tonnes last year. The cargo terminalÃ¢â‚¬™s first phase could increase the cargo handling capacity at Chek Lap Kok by 50 per cent to 7.4 million tonnes a year.