Last updated: 05:49 PM ET, Sat March 21 2015

Hong Kong Government Approves Plan to Add Third Runway at International Airport

Airlines & Airports | Donald Wood | March 21, 2015

Hong Kong Government Approves Plan to Add Third Runway at International Airport

Photo courtesy of Thinkstock/Frogman1484

Hong Kong International Airport has seen massive growth in terms of passengers and cargo, and the facility has received approval from the government for the addition of a third runway.

According to the Associated Press, the local government gave final approval for the construction project on Tuesday and expects the total price of the build to reach $141.5 billion in local currency (worth $18.2 billion in the American market.)

The addition of the third runway will enable more planes to land at the airport and more aircrafts to depart, increasing the number of passengers the facility can hold and the amount of cargo it can account for on a daily basis.

Construction will begin next year and is expected to be completed by 2023. In order to complete the project, 1,600 acres of land will be reclaimed from the sea to make room for the runway and a new building to house passengers.

A third runway is being met with high expectations. The Associated Press reported that Hong Kong International Airport set records last year in terms of passengers (63.4 million) and metric tons of cargo handled (4.4 million.) The hope from officials is that the third runway will increase the numbers to 102 million passengers and 8.9 metric tons of cargo by 2030.

The major upgrades will cost the government a lot of money, but with the boom in Chinese economics, the hope is that the move will pay major dividends down the road for the Hong Kong government and the country’s residents.

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