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Old June 11th, 2009, 08:11 AM   #81
hkskyline
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Plans take wing for outlet mall at airport
10 June 2009
South China Morning Post

Plans to establish Hong Kong as a centre for premium outlet shopping could be realised soon as the government seeks ways to promote trade, tourism and economic growth in the economic downturn.

The Outlet! Company is looking to set up shop near the airport, on a site between Terminal Two and the AsiaWorld-Expo venue. The site is currently occupied by car parks and a temporary golf course.

Premium outlet malls sell merchandise, often surplus stock, of many brands at discounted prices. The concept allows retailers to move excess inventory.

The Outlet! Company president Daniel Kelly said he thought the government was seriously considering a recommendation from its Task Force on Economic Challenges to develop a new premium outlet centre. "I think they're at a point now where they're looking to make a final decision," he said. "So I don't think it's far off."

"The government, from the very early days, has been very supportive. They understand that it is a combination of commerce as well as tourism. They have offered land before but just not the right piece of land."

Although Mr Kelly has been talking to various government departments about the privately funded project for about nine months, he said there was no concrete deal on the table yet.

Outlet malls are not new to Hong Kong but have met with varying degrees of success. A number of major retailers have their own outlets, like Joyce Boutique and Lane Crawford. Swire Properties managed to rejuvenate Citygate shopping centre in Tung Chung by turning it into an outlet mall with year-round discounts of between 30 per cent and 70 per cent on more than 60 brands.

The proposed site is already earmarked for commercial use, and a premium outlet mall would not interfere with AsiaWorld-Expo's expansion plans - but the final decision on the land use rests with the Airport Authority. An authority spokesman said it was working on its 2030 master plan and had not yet decided on the long-term use of its land.

Under the proposal, a premium outlet shopping mall would be developed in phases. The first phase is expected to cover between 40,000 square metres and 50,000 square metres and feature 150 to 200 shops. The entire site of more than 150,000 square metres would include 300 street-level shops with some two-storey buildings. Investors interested in the project include Global Sources, which stages trade shows at AsiaWorld-Expo.
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Old July 5th, 2009, 12:03 PM   #82
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HKIA Adds Eight Automated People Mover Cars to Link
Two Passenger Terminals, New SkyPier

AA Press Release





(HONG KONG, 3 July 2009) ― Hong Kong International Airport (HKIA) is adding eight new Automated People Mover (APM) cars to its existing 20-car APM fleet. An investment of about HK$90 million, the new cars will provide efficient and convenient connection among the permanent SkyPier, Terminal 1 (T1) and Terminal 2 (T2) by the end of 2009. The expanded fleet will also help HKIA meet future demand growth and maintain the safe and high-level service of APM.

The new APM cars are loaded in the underground APM depot at HKIA in three batches. As the depot is located directly below the coach station at T2, works have been carried out to open a hatch on the ground level of the coach station, via which the new cars can be lowered to the depot by electric hoists.

The new APM cars and associated electric and mechanical equipment will undergo a series of comprehensive functional and running tests before being deployed to serve passengers in the fourth quarter of this year.

“A fleet of 20 APM cars – a driverless electric train system – is now running between T1 and T2 every two to four minutes. When the permanent SkyPier opens, the expanded APM fleet will extend its service to the new pier, significantly enhancing the level of service from the existing bonded bus service,” said Ricky Leung, General Manager, Technical Services of the Airport Authority Hong Kong.

Targeted to open by the end of the year, the permanent SkyPier will replace the temporary facility at HKIA and continue to provide cross-boundary ferry services that connect HKIA with seven ports in the Pearl River Delta, with enhanced facilities and additional capacity.

At present, air-to-sea and sea-to-air passengers using the temporary SkyPier are served by bonded buses, which run an average number of 200 trips between the facility and T1 every day.

The 3.8-kilometre APM system will efficiently connect the permanent SkyPier with T1 and T2, providing fast, comfortable and reliable in-terminal transportation.
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Old July 16th, 2009, 07:00 AM   #83
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Opinion : New shopping mall at airport makes no sense
16 July 2009
South China Morning Post

I cannot accept the rationale of Douglas Louden ("Airport must pay its way", July 3), replying to my letter ("Proposed airport mall will suffer same fate as Terminal Two", June 16). Mr Louden wants to see another mall at Chek Lap Kok.

This makes no sense given the fiasco of the Terminal Two mall. As your correspondent points out, the Airport Authority has no expertise running shops.

I repeat what I said in my letter: that an inquiry should be set up to look into the authority's largesse. It should ask about the billions spent to build Terminal Two, which has proved to be a disaster. Its cinema and golf course enjoy little patronage.

I do not understand why authority chiefs would think tourists want to come to Hong Kong so they can play golf or visit malls at the airport.

The finances of the authority should be subject to a public examination so it can be decided if the Civil Aviation Department should revert to its role as manager of the airport. After all, the department has done a good job at keeping planes moving.

Outlets elsewhere are near airports because they are out of town and rents are cheaper. If Hong Kong people want access to cheaper shopping they will go to Shenzhen.

The Airport Authority is unfairly competing with developers and other businesses by offering land it did not have to pay for.

It is operating shops and hotels even though it has no experience in these areas.

Also, why do we need a third runway when the number of flights is dropping and will continue to drop given the rise in flights between Taiwan and mainland cities?

Although it has squandered money, it has a monopoly over airport charges and so continues to make a profit, despite the financial tsunami.

The government should ensure that the airport tempts tourists here by offering lower and realistic charges, and that staff concentrate on running the airport business and not use taxpayers' money to build empires and create perks for themselves.

In other parts of the world, public protests over the authority would have been heeded.

Sadly in Hong Kong, under the present chief executive, this has not happened.

M. Lai, Mong Kok
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Old July 16th, 2009, 09:47 AM   #84
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very well said, Terminal 2 is truly a disaster, waste of money.
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Old July 18th, 2009, 11:56 AM   #85
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Quote:
Originally Posted by caelus View Post
very well said, Terminal 2 is truly a disaster, waste of money.
"Dear Sir. Norman Foster, please fix Hong Kong International Airport's Terminal 2... something worthy of Hong Kong and not some 2nd rate looking shopping mall."

Serves the HKIA right for mucking up the terminal and losing the Skytrax top spot for the 2nd time.

Anyway hkskyline, what's the layout of the APM and SkyPier thing? I actually used T2 and the APM a while back (flying to TPE), the fact there was an interchange was really stupid... not to mention the immigration/APM underground section of T2 reminded me so much of old Heathrow (T1 to T4), ie: bowels of Hell.

Hope they'll do a decent job of T3 (the X-shaped terminal in the middle field, as per the "Master Plan") and possible 3rd runway...
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Old July 18th, 2009, 07:37 PM   #86
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Quote:
Originally Posted by StanleyJ View Post
Hope they'll do a decent job of T3 (the X-shaped terminal in the middle field, as per the "Master Plan") and possible 3rd runway...
the "X" shape concourse from the HKIA master plan is not a finalized version, the fact is, what u read from the master plan is nothing but a "suggestion" from a third party consultancy, it is subject to change in the future, for example, the soon to open, another Major Disaster ----- the "North Satellite Concourse", never even existed in the previous master plans.

i hate to say this, but i dont see they will build another great new terminal like the T1, T1 is already too expensive to build back then. Unless the government, controlled by beijing officials, is willing to invest hundreds of millions to the new terminal.

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Old July 19th, 2009, 02:18 AM   #87
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disappointment - one after one - maybe we should write a letter to AA expressing this!
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Old July 19th, 2009, 09:18 AM   #88
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Satellite Terminal - 2009/1/11



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Old July 22nd, 2009, 05:24 PM   #89
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Government urged to rethink bridge route
15 July 2009
South China Morning Post

The government should seriously consider moving the border checkpoint of the proposed Hong Kong-Macau-Zhuhai bridge from east of Chek Lap Kok airport to the western side to minimise its environmental impact, activists said.

An alliance of activists, including environmentalists and community groups, said yesterday that moving the bridge's border checkpoint would not only preserve a coastal protection area on the airport island, but could cut visual and noise disturbance for about 30,000 Tung Chung residents.

Their proposal would stop the link road, which is to connect the bridge to the border checkpoint, from passing through the sensitive reddish shoreline between the airport island and Lantau North.

However, that would mean the government would have to build a separate route north of the airport to link the road to a New Territories-bound bypass, which officials said would raise the cost by as much as HK$13 billion.

Alliance spokesman Paul Zimmerman said he believed that figure was an overestimation, as it included a tunnel option the alliance said was not needed.

The Highways Department said earlier that building a road on the north coast of the airport was not optimal, as the area was reserved for the airport's third runway, and a road parallel to the runway might confuse pilots during landing.

But Mr Zimmerman said many big roads were built around airports overseas.

The department said the government's suggested location for the border checkpoint was best, as it was farther away from the habitat of the white dolphins and close to the proposed Tuen Mun-Chek Lap Kok Bypass, MTR stations, AsiaWorld-Expo and ferry services to the mainland.

Jeff Lam, representative of two big private estates in Tung Chung, said it was also very near - just one kilometre - to the Tung Chung town centre.

"Why should Tung Chung residents pay the economic and social costs?" he asked.

The alliance urged any opponents of the plan to submit objections before a public consultation ended on August 12.
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Old July 23rd, 2009, 08:19 PM   #90
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By bextra from skyscrapers.cn :



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Old July 23rd, 2009, 08:21 PM   #91
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Looks from this angle that there's an airplane docked at the terminal...?
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Old July 24th, 2009, 06:15 PM   #92
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Quote:
Originally Posted by Rachmaninov View Post
Looks from this angle that there's an airplane docked at the terminal...?
I've seen planes parked there but the terminal is not in use yet.
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Old July 25th, 2009, 11:42 AM   #93
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I hope they will paint the ceiling, vomit green is not acceptable!

http://www.hongkongairport.com/eng/p...kianews_17.pdf (page 5)

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Old July 29th, 2009, 08:49 PM   #94
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Opinion : Reclamation for delta bridge
29 June 2009
South China Morning Post

I have some reservations on the size of the planned reclamation work off the northeastern end of Chek Lap Kok airport, even though this site is the best option out of several put forward.

The 130 hectares of reclaimed land is for the border checkpoint plus link roads at the end of the Hong Kong-Macau-Zhuhai bridge.

The suggestion of locating the checkpoint at the other end of Chek Lap Kok with the construction of a tunnel is much worse as the waters there are more ecologically sensitive.

If it was chosen, a larger area of reclaimed land would be needed for traffic and the project would be a billion-dollar replica of Aberdeen Tunnel. Extra safety provisions would have been necessary as well.

I am constantly worried about more reclamation, but it seems two lots of land along the bay were not being considered for the checkpoint, especially now that it was outside the flight path, less land would be used for a higher structure.

I agree that construction of the checkpoint along the Airport Channel should not be pursued further as the environmental risks to the coastline, the ocean and sea life are higher.

This brings us back to the first option. I would suggest that the Highways Department seriously consider reducing the proposed size of the checkpoint by installing some equipment on lower levels, and adopt technology and measures to minimise the space needed for coaches waiting to clear customs. Except essential amenities, no space should be reserved for commercial activities.

Separate areas designated for coaches carrying transit passengers would further reduce the size of the reclamation. The structure should be in harmony with the airport terminal with a more open roof design and plants.

The original design scope is not far from our professional views and, with further enhancement, I am confident members of the Hong Kong Institution of Engineers and the public would support the administration.

I wonder what has made the government so indecisive; it should get its act together.

Peter Y. Wong, president, Hong Kong Institution of Engineers
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Old August 9th, 2009, 07:15 PM   #95
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4/4

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Old August 18th, 2009, 06:37 AM   #96
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Perhaps all of the more in-the-know people here could also help update the Wikipedia article: http://en.wikipedia.org/wiki/Hong_Kong_SkyCity !
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Old September 3rd, 2009, 05:01 AM   #97
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Depository opens door to HK as precious metals hub
3 September 2009
The Standard

Hong Kong moved another step closer to becoming the regional hub for gold and precious metals with the opening yesterday of the HKIA Precious Metals Depository.

Both the Hong Kong Monetary Authority and asset management firm Value Partners (0806) said they will move their gold reserves now stored in London vaults back to Hong Kong.

HKIA PMD _ a wholly owned subsidiary of the Hong Kong Airport Authority _ is also in talks with exchange-traded fund issuers, the Shanghai Stock Exchange and the Chinese Gold and Silver Exchange Society to offer storage and physical settlement services, according to the parties involved.

Raymond Lai Wing-chueng, HKAA executive director of finance and investment as well as director of HKIA PMD, confirmed that the depository is in talks with one ETF issuer and the Shanghai bourse. ``We now have about 10 clients since the `soft' opening two months ago, far better than expectations,'' Lai said.

Value Partners chairman Cheah Cheng Hye said he hopes shifting part of the firm's gold reserve to Hong Kong will help boost management efficiency and could lead to the launching of gold ETFs.

HKIA PMD yesterday signed an agreement with the Hong Kong Mercantile Exchange to provide storage and physical settlement services after the HKMEx is granted a license and starts operations. The depository also provides services to central banks, commodity exchanges' bullion banks, precious metal refineries, and ETF issuers, according to Lai. And it has plans to double its storage capacity in its 340-square-meter storage house to 300 tonnes, he added.
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Old September 7th, 2009, 08:16 PM   #98
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FS speaks at grand opening of HK International Airport Precious Metals Depository
Government Press Release

Following is the speech by the Financial Secretary, Mr John C Tsang, at the grand opening of the Precious Metals Depository cum Airport Authority Hong Kong and Hong Kong Mercantile Exchange Agreement signing ceremony at Hong Kong SkyCity Marriott Hotel this afternoon (September 2):

Marvin, Barry, distinguished guests, ladies and gentlemen,

Good afternoon.

It is a great pleasure for me to join you all this afternoon.

Today's ceremony marks an important step forward in strengthening Hong Kong's position as a competitive global financial centre.

I have just visited the Precious Metals Depository, and it is an impressive facility – sort of like our own Fort Knox. Precious metals, primarily gold, will be stored right here under the most secure conditions at one of the world's busiest airports. The gold can be moved quickly and safely to and from virtually anywhere in the world.

I look forward also to witnessing the signing ceremony between the Depository and the Hong Kong Mercantile Exchange in a few minutes. This Agreement will authorise the Depository to conduct storage and physical settlement activities for the Mercantile Exchange. It also paves the way for the launch of new financial products.

All this ties in with Government's policy to enhance Hong Kong's position as an international financial and logistics centre. The HKIA Depository will help to tap into opportunities from the growing demand for gold and other commodities in the region.

As a well-established international financial hub, Hong Kong already has a strong presence of international financial institutions; a regulatory regime that is on a par with international standards; markets that are characterised by a high degree of liquidity, efficiency and transparency; a simple and low tax regime; and the free flow of information, capital and people.

Ladies and gentlemen, today's opening of the Precious Metals Depository further strengthens our financial infrastructure, providing a convenient and secure storage facility for traders, institutional investors, gold producers and refineries. It also serves as a physical settlement platform for trades made in commodities exchanges in the region, and potentially other parts of the world.

Congratulations to everyone involved in this project.

Thank you.
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Old September 8th, 2009, 06:19 PM   #99
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Old September 15th, 2009, 12:52 PM   #100
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Where and why we stockpile gold
15 September 2009
The Globe and Mail

Hong Kong is moving its gold holdings from London to a depository at the Hong Kong airport. Where do Canada and the United States keep their gold?

The Hong Kong Monetary Authority, which acts as the central bank for the region, has built a depository at Chek Lap Kok airport. It is moving its gold reserves there from London, and hopes the new facility will make Hong Kong a hub for trading gold.

Canada keeps its gold in a vault under the Bank of Canada building in Ottawa. But we don't have a lot, because the government sold off most of our reserves in the 1980s and 1990s. There are just over three tonnes of it left.

The United States has a lot more – about 8,130 tonnes – and the biggest depository is at the Federal Reserve Bank of New York's vault in Manhattan. The stockpile at Fort Knox, in Kentucky, is slightly smaller.

What is gold used for, aside from being held by central banks?

The metal has been less important as a financial reserve since the gold standard for currencies faded out in the 1970s. But it still reigns supreme as a material to make jewellery, and it is important in some electronic components because it conducts electricity efficiently.

Many investors buy it as a hedge against inflation, and a haven when markets are volatile.

Last week the price of gold reached $1,000 (U.S.) an ounce. Has it ever hit that mark before?

The price of gold first surpassed the $1,000 mark in March, 2008. But it didn't stay there for long. It touched $1,000 again briefly in February of this year.

Gold has run up strongly in recent weeks, and rose above the $1,000 mark last Tuesday, and again on Friday. It hovered right around the $1,000 mark for most of yesterday too. This has excited those gold bugs who regularly predict a huge gain for the metal.
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