By Edward Attwood
A groundbreaking ceremony has taken place at the site for the US$615 million Cathay Pacific Cargo Terminal at Hong Kong International Airport (HKIA).
A groundbreaking ceremony has taken place at the site for the US$615 million Cathay Pacific Cargo Terminal at Hong Kong International Airport (HKIA). The 10-hectare project, which is scheduled for completion in the second half of 2011, is designed to have a freight throughput capacity of 2.6 million tonnes per year.
“Without a concerted effort to improve our capacity and our competitiveness, our hub would face serious challenges. The need for more capacity is clear - and we will get that capacity when the Cathay Pacific Cargo Terminal begins operation,” said Tony Tyler, CEO of Cathay Pacific.
The Hong Kong flag carrier was awarded a 20-year contract to design, build and operate the terminal in March this year, and the company hopes that the development, which will be open to all airline customers, will help reinforce the airport’s position as a top international airfreight hub. Piling work at the site has already begun and detailed design of the material handling system is currently in progress.
“It is important that we maintain the momentum of our infrastructure investment so we are fully prepared when conditions revive to achieve better growth in the longer term,” said Eva Cheng, Hong Kong’s secretary for transport and housing, who was also present at the ceremony.