HK Finance Chief Expects 50% Jump in Airport Capacity by 2035

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HK Finance Chief Expects 50% Jump in Airport Capacity by 2035

//business-finance.news-articles.net/content/202 .. expects-50-jump-in-airport-capacity-by-2035.html

Published in Business and Finance on Sunday, December 1st 2024 at 5:00 GMT by Bill Williamson
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Hong Kong International Airport's handling capacity will increase 50% by 2035, Financial Secretary Paul Chan said in his weekly blog.

Hong Kong's Financial Secretary, Paul Chan, has announced plans to significantly expand the city's airport capacity, aiming for a 50% increase by 2035. This expansion is part of a broader strategy to enhance Hong Kong's role as an international aviation hub, especially in light of competition from nearby cities like Shenzhen and Guangzhou. The initiative includes not only physical expansion but also improvements in airport infrastructure, technology, and operational efficiency. The goal is to handle up to 120 million passengers annually, up from the current capacity, to accommodate growing demand from both local and international travelers. This development is seen as crucial for maintaining Hong Kong's competitive edge in global trade, tourism, and finance sectors.

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