Sun Hung Kai Properties and CathayPacific Airways have show interestin contracts to build Hong Kong’sthird air cargo terminal, according tolocal reports quoting the Airport Authorityof Hong Kong Cathay Pacificconfirmed it applied and unnamed sources said that Sun Hung Kai wasalso in the running. Hong Kong AirCargo Terminals and Singapore-basedAsia Airfreight Terminal control about90 percent of air cargo movementsthrough the city’s airport.
Hong Kong Economic DevelopmentSecretary Stephen Ip Shu-kwansaid the terminal would lead to lowercargo costs and increased competitionbetween the terminal operators. Aircargo throughput was four milliontonnes last year, with the authority estimatingdemand could double to eightmillion by 2025.
– John Spiers