|FOR IMMEDIATE RELEASE||4th September 2008|
Cathay Pacific Airways today marked the groundbreaking of the Cathay Pacific Cargo Terminal with a simple ceremony at Hong Kong International Airport (HKIA). Guest of honour at the groundbreaking ceremony, officiated by the airline's Chief Executive Tony Tyler and Chief Operating Officer John Slosar, was Secretary for Transport and Housing Eva Cheng. Also officiating at the ceremony were Mr Marvin Cheung, Chairman of Airport Authority Hong Kong; Mr Y K Leung, Deputy Director-General of Civil Aviation; and Mr Stanley Hui, Chief Executive of Airport Authority Hong Kong.
In March this year, the Airport Authority awarded the airline's wholly owned subsidiary, Cathay Pacific Services Ltd (CPSL), a franchise to invest in, design, construct and operate the new air cargo terminal at HKIA under a 20-year agreement. Cathay Pacific will invest a total development cost of approximately HK$4.8 billion into the facility, which will occupy a site of around 10 hectares in the airport's cargo area.
The new terminal will be completed by the second half of 2011 with a designed annual air cargo throughput capacity of 2.6 million tonnes. The terminal will be a common-use facility open to all airline customers. The additional air cargo handling capacity and facilities provided by the new terminal will help to further reinforce Hong Kong International Airport's position as the world's premier international airfreight hub.
Speaking at the groundbreaking ceremony, Tony Tyler said that Hong Kong's status as the number one airfreight hub is vital to the city's economic future and underlined Cathay Pacific's commitment to further developing the hub. However, he pointed out that the city is facing increasing competition from other fast-growing airports in Asia as well as from within the Pearl River Delta region itself.
"Without a concerted effort to improve our capacity and our competitiveness, our hub would face serious challenges. The need for more capacity is clear - and we will get that capacity when the Cathay Pacific Cargo Terminal begins operation," Mr Tyler said.
"With more capacity - and more competition - there will be an increase in cargo flights to Hong Kong, which in turn will bring economic benefits to the city. There will be new employment opportunities not only from the construction and operation of the cargo terminal but also for the entire air cargo industry as it grows."
Understanding that the aviation industry is facing challenges arising from surging aviation fuel prices and a slowdown in the global economy, Secretary for Transport and Housing Eva Cheng stressed: "It is important that we maintain the momentum of our infrastructure investment so we are fully prepared when conditions revive to achieve better growth in the longer term. In the coming few years, several other projects will change the face of this part of Lantau Island. These projects will effectively enhance the competitiveness of the airport.
"The Government is working closely with the Airport Authority, actively pursuing the midfield expansion project and the third runway proposal. The Government is also poised to kick-start the Hong Kong-Zhuhai-Macau Bridge as a Government-funded project, as well as construct boundary control facilities that will provide the landing point for the second road and tunnel system to the airport from Tuen Mun," Ms Cheng said.
Marvin Cheung, Chairman of Airport Authority Hong Kong, said: "Hong Kong International Airport has been the world's busiest international cargo airport for 12 consecutive years. However competition is always keen and we must maintain Hong Kong's competitiveness. Cathay Pacific's investment in the new cargo terminal represents a significant commitment to our airport's development and a further vote of confidence in Hong Kong's future. The new cargo terminal will ensure that we are ready to meet future demand and strengthen Hong Kong's status as a leading regional and international aviation hub."
The Cathay Pacific Cargo Terminal, which will be operated at arms' length from Cathay Pacific Cargo by a separate management team in CPSL, will set new standards in operational efficiency, environmental design and service levels. Piling work at the terminal site has already begun and the detailed design of the material handling system (MHS) is in progress.
The lead consultant for the project is Meinhardt, the architect of the terminal is Aedas, and the quantity surveyor for the project is WT Partnership. The MHS contractor is Siemens while the two contractors for the foundation work are Gammon/Tysan and Bachy Soletanche. The contract for the building of the terminal itself has not yet been awarded.
|Cathay Pacific Chief Executive Tony Tyler presents a crystal Cathay Pacific Cargo Terminal souvenir to Secretary for Transport and Housing Eva Cheng.|
|Cathay Pacific Chief Executive Tony Tyler presents a crystal Cathay Pacific Cargo Terminal souvenir to Airport Authority Hong Kong Chairman Marvin Cheung.|
|At the groundbreaking ceremony for the new Cathay Pacific Cargo Terminal are (from left to right) Rupert Hogg, Cathay Pacific Director Cargo, Stanley Hui, Chief Executive of Airport Authority Hong Kong, John Slosar, Cathay Pacific Chief Operating Officer, Eva Cheng, Secretary for Transport and Housing, Tony Tyler, Cathay Pacific Chief Executive, Marvin Cheung, Chairman of Airport Authority Hong Kong, Y K Leung, Deputy Director-General of Civil Aviation and Ron Mathison, Cathay Pacific Director & General Manager Cargo.|
|The HK$4.8 billion Cathay Pacific Cargo Terminal will open in the second half of 2011, helping to boost the competitiveness of Hong Kong as a major airfreight hub.|
|© Copyright 1996-2023 irasia.com Ltd. All rights reserved.|
DISCLAIMER: irasia.com Ltd makes no guarantee as to the accuracy or completeness of any
information provided on this website. Under no circumstances shall irasia.com Ltd be liable
for damages resulting from the use of the information provided on this website.
TRADEMARK & COPYRIGHT: All intellectual property rights subsisting in the contents of this website belong to irasia.com Ltd or have been lawfully licensed to irasia.com Ltd for use on this website. All rights under applicable laws are hereby reserved. Reproduction of this website in whole or in part without the express written permission of irasia.com Ltd is strictly prohibited.