Frank Chan Defends Zhuhai Airport Investment Plan

"); jQuery("#212 h3").html("

"); });
2020-11-26 HKT 20:12
Transport Secretary Frank Chan on Thursday defended an Airport Authority's plan to inject equity into Zhuhai airport, saying it will reap benefits within a short period of time.
It's still unclear how much money is involved in the plan, but critics, such as outgoing Civic Party lawmaker and former pilot Jeremy Tam, have said Hong Kong may not benefit much from it.
While the HK$144 billion third runway system is expected to come into operation by 2024, boosting Hong Kong's flight-handling capacity, Chan pointed out that there will still be operational limits at Chek Lap Kok.
"For every established airport, the number of flights it can take, the time slots it has, always have a limit. The maximum number of hours an airport can operate is 24 hours. Until and unless you build an extra runway, an extra terminal and strengthen the connecting traffic to the airport, otherwise it won't change much," he said.
"By connecting simply with the Zhuhai airport, that could be realised in a rather short time, because all of the capacity, technology and opportunities are there, waiting for us to pick up."
At the moment, Hong Kong serves around 170 international destinations, whereas Zhuhai serves about 80 mainland destinations.
At a press conference, Chan also said thanks to the Hong Kong-Zhuhai-Macau Bridge, it only takes slightly more than an hour to travel between Chek Lap Kok and Zhuhai airports.
He added a "bonded bridge" – to be built by the Hong Kong entrance of the mega bridge – will take cross-border passengers directly to the boarding gates without immigration checks, saving time.
Brad Jones Departs PayMe By HSBC, Takes Advisory Role At Peppermint Innovation
Brad Jones has stepped down as CEO of PayMe by HSBC, effective 23 May 2025, after two years in leading one of Hong Kong... Read more
Alibaba Cloud Expands Network To Help Chinese Firms Go Global
Alibaba Cloud, part of the Chinese technology company Alibaba Group, plans to rapidly establish a global cloud computin... Read more
Citi Launches Citi AI In Hong Kong To Boost Employee Efficiency
Citigroup announced on 22 May 2025 that it has launched Citi AI, a suite of tools for its employees in Hong Kong, accor... Read more
HSBC Partners With Ant International On Real-Time Tokenised Treasury Payments
Ant International has launched a tokenised deposit solution in collaboration with HSBC. This move enables real-time HKD... Read more
HKMA And Land Registry Team Up To Boost Data Sharing With CDI-CDEG Linkage
The Hong Kong Monetary Authority (HKMA) announced on 22 May 2025 that its Commercial Data Interchange (CDI) is now conn... Read more
Hong Kong Stablecoins Bill Officially Passed, Set To Come Into Effect Later This Year
The Hong Kong government welcomed the Legislative Council’s passing of the Stablecoins Bill today, 21 May 2025. The b... Read more