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.
OKI And Hitachi To Launch Joint Venture For ATM And Automated Equipment In October
OKI, Hitachi, and Hitachi Channel Solutions have announced that they have reached agreements to integrate their automat... Read more
The Race For Hong Kongs First Stablecoin Licenses Is Almost Over
I’ve been refreshing the Hong Kong Monetary Authority’s register of licensed stablecoin issuers frequently over the... Read more
HTF Securities And Alchemy Pay Expand Hong Kong Type 1 License For Virtual Assets
Alchemy Pay has announced that, in partnership with HTF Securities Limited, it has successfully expanded HTF Securities... Read more
Ping An Digital Bank Rebrands As Deposits Exceed HK$12 Billion
Ping An Digital Bank has introduced a new brand identity, aligning more closely with its parent, Ping An Insurance. The... Read more
Futus PantherTrade Launches Full-Scale Licensed Operations In Hong Kong
Futu has announced that its wholly-owned virtual asset trading platform, PantherTrade, has begun full-scale licensed op... Read more
Mastercard Enables AI Agent To Complete Live Ride-Booking Payment In South Korea
Mastercard has completed a live, authenticated agentic transaction in South Korea, marking a key development in AI-powe... Read more
