Off the wire
• Vietnam's top tennis player aims to compete in upcoming Roland Garros  • Raptors beat Spurs for first time in five years  • Hong Kong stocks close down  • Hushen 300 Index closes 1.01 pct higher Monday  • NBA results  • NBA standings  • Shenzhen stock indices close higher Monday  • ChiNext Index closes 1.28 pct lower Monday  • China treasury bond futures close higher Monday  • China stock index futures close higher Monday  
You are here: 　 Home

HK gov't may introduce airport improvement fee

Xinhua, February 9, 2015 Adjust font size:

A senior executive at Hong Kong's Airport Authority said on Monday that visitors to Hong Kong might have to bear the construction cost of the planned third runway at Hong Kong International Airport.

Wilson Fung, the Authority's Executive Director for Corporate Development, said charging an airport improvement fee was accepted internationally and he did not think it would affect the competitiveness of Hong Kong's airport.

As one of the busiest airports in the world, the Authority is planning for a third runway to cope with anticipated growing demand. The project will expand the airport's capacity to handle over 600,000 flights a year by 2030 and double the current amount of cargo and passenger traffic.

The construction cost of the new runway is expected to reach over 130 billion HK dollars (16.8 billion U.S. dollars). Endi