Lack Of Sand Drags Down Third Runway Project
"); jQuery("#212 h3").html("

"); });
2019-04-29 HKT 17:51
The Airport Authority has admitted that a lack of available marine sand from the mainland is slowing down the third runway project, saying this has led to an 18-week delay.
But the schedule for opening the third runway in 2022 remains unchanged and officials said they don't foresee any cost overrun at this stage due to the delay.
The runway project originally needed 100 million cubic metres of marine sand to reclaim 650 hectares of land north of the airport and 90 million of this was to be sourced from outside Hong Kong, mainly from the mainland.
At a Legislative Council economic development panel meeting on Monday, the authority's executive director in charge of the HK$140 billion project, Kevin Poole, admitted that the contractor has not received a single grain of marine sand from the mainland.
He told lawmakers that through changes in the design and the use of more deep cement mixing to reclaim land, they have managed to reduce the need for marine sand by 20 percent.
Officials have been using manufactured sand as an alternative to continue with the reclamation, he said.
Civic Party lawmaker Jeremy Tam was concerned that this would make the project more costly, saying the use of deep cement mixing is more expensive.
Poole said he didn't have the exact figures with him, but he said the technique also brought "a number of benefits".
Roundtable lawmaker Michael Tien, meanwhile, questioned whether officials had attempted to cover up the delay, noting that it was not mentioned in a press release issued in late February.
Poole denied there had been any cover-up.
Hong Kong Fund Industry May Double With Tokenised Finance And 24/7 Trading Access
Hong Kong could potentially double the size of its fund industry by moving from legacy infrastructure to token-based fi... Read more
HKMA Alerts Public To Scam Website And Login Screens Posing As Official Site
The Hong Kong Monetary Authority (HKMA) has issued a public alert regarding a fraudulent website and online login scree... Read more
Hong Kong Fintech Promotion Blueprint Indicates 4 Incoming Flagship Projects
The Hong Kong Monetary Authority (HKMA) released the Hong Kong Fintech Promotion Blueprint on 3 February 2025, which sh... Read more
Visa To Enable Cross-Border Payments To 95% Of UnionPay Cardholders In China
At Web Summit Qatar, Visa and UnionPay International (UPI) announced an agreement to enable cross-border money transfer... Read more
HKMA Launches Fintech Blueprint With AI, DLT, Quantum And Cybersecurity Focus
The Hong Kong Monetary Authority (HKMA) published a Fintech Promotion Blueprint to support responsible innovation and f... Read more
How Gaming Giants Are Redefining The Experience Of Paying
Gaming isn’t just a hobby; it’s a global infrastructure challenge. In this episode Vincent Fong (Chief Editor, Fint... Read more
