'New Runway Boosts HK's Aviation Hub Status'

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

Related News Programmes

"); });

2022-11-25 HKT 17:00

Share this story

facebook

  • 'New runway boosts HK's aviation hub status'

The Airport Authority said on Friday that around 140 flights a day use the new third runway at the airport in November.

It said some 11,000 flights have used it since operations began in early July, adding that other related works such as the expansion of Terminal 2 and the construction of a new concourse are expected to be completed by 2024.

Speaking at the runway's launching ceremony, the authority's chairman, Jack So, said he hopes the project will be completed on time and within the budget of HK$145 billion, which was wholly raised through the issuance of bonds.

Chief Secretary Eric Chan, who also attended the ceremony, said the new runway will greatly enhance the airport's capacity.

"Together with Hong Kong's distinctive advantages of enjoying strong support of the motherland and being closely connected to the world, the runway will allow us to fortify and boost the SAR's status as an international aviation hub," he said.

RECENT NEWS

XTransfer Partners With Bank SinoPac HK To Expand Cross-Border Payment Services

XTransfer has entered into a collaboration with Bank SinoPac, through its Hong Kong Branch, to expand international ope... Read more

Standard Chartered To Launch Bitcoin And Ethereum Custody Services By 2026

Standard Chartered Bank (Hong Kong) participated in Hong Kong Fintech Week 2025 (HKFTW25) as a strategic partner, annou... Read more

HashKey And Kraken Form Partnership On Institutional Tokenised Assets

HashKey and Kraken have announced a strategic partnership to promote institutional adoption of tokenised assets. The co... Read more

Reap Expands Global HQ With New Office In Hong Kong

Reap, a global fintech company providing stablecoin-enabled financial infrastructure, has expanded its global headquart... Read more

HeyMax Debuts In Hong Kong, Partnering With Cathay To Drive Regional Growth

Loyalty and travel rewards platform HeyMax has made its first international launch in Hong Kong, partnering with Cath... Read more