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Discussion Starter #361
New airport facilities to come in at $5.2 billion
The Standard Excerpt
Dec 5, 2019

Aviation meteorological systems, new immigration facilities and a new police base - they are among facilities to be built in support of the airport's third runway, costing HK$5.17 billion.

The government has made the proposals in a document sent to Legislative Council's panel on economic development. A funding request will be made at the Finance Committee later.

The commissioning of the third runway is expected by the end of 2024, after which the airport will be able to handle some 100 million passengers per year.

While the Airport Authority is responsible for funding the runway construction, the government will pay for the facilities to be used by various departments, including the observatory, customs, immigration and police.

HK$3 billion will go to works for government facilities inside airport buildings, including the third runway passenger building, the expanded Terminal 2 and a new integrated airport center at the existing airport island.

"Passengers departing and arriving at the airport via the third runway passenger building will complete their check-in, customs, immigration, quarantines, security processes and handle their baggage at the expanded T2," the government stated.

A new high-speed baggage handling system and automated people mover system will carry the baggage and passengers between the new third runway building and the expanded T2.

Another HK$1.87 billion will be for the construction of a new airport district operational base for the police at the airport's eastern support area.

More : http://www.thestandard.com.hk/section-news.php?id=214198
 

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Discussion Starter #364
Hong Kong airport’s long-term investment plans to stay on course despite ongoing protests buffeting passenger numbers
South China Morning Post Excerpt
Jan 16, 2020


Sing Tao

Hong Kong International Airport, buffeted by months of civil unrest in the city, has no plans to cut back on long-term investment despite air traffic slumping at one of Asia’s busiest gateways.

Although HKIA has made huge investments, notably on a HK$144 billion (US$18.46 billion) third runway, the Hong Kong Airport Authority’s executive director for engineering and technology Ricky Leung Wing-kee on Thursday shrugged off the downturn in passenger traffic.

Leung, in his first day on the job, was speaking as the airport showed off its new HK$1 billion “skybridge” to link two terminal buildings – an upgrade that has been two years in the making.

“The fluctuation in short-term passenger numbers does not affect investment in long-term infrastructure,” Leung told a media briefing.

But he was not able to say whether discounts on airfield charges would be offered to help airlines ride out the fall in passenger volumes as travellers avoid a city which has been rocked by more than seven months of anti-government protests.

More : https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3046436/hong-kong-airports-long-term-investment-plans-stay
 

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Discussion Starter #365

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Discussion Starter #366
Construction of Sky Bridge at HKIA Achieves Major Milestone
Press Release Excerpt

(HONG KONG, 16 January 2020) – The main structure of Sky Bridge at Hong Kong International Airport (HKIA) has been successfully delivered to its final position, concluding the prefabrication phase of the construction programme to mark an important project milestone.

It is anticipated that Sky Bridge will be the world’s longest airside bridge, allowing the largest passenger aircraft, the A380, to pass underneath. The 200m-long Sky Bridge will connect Terminal 1 and the North Satellite Concourse, minimising travelling time between the two buildings as passengers no longer need to shuttle by buses. The Sky Bridge will also provide great views of the apron, further enhancing passengers’ airport experience.

To minimise impact on HKIA’s busy operations, Sky Bridge was prefabricated in Zhongshan. Three precast segments were transported to the assembly yard in the midfield area of HKIA from September to October 2019. The segments were then assembled to form the main structure of the bridge. On 9 January 2020, the main structure of the bridge, weighing over 5000 tonnes, was transported over 3km on HKIA’s apron from the assembly yard to the bridge’s final position. It was then erected on the bridge towers on 10 January 2020.

More : https://www.hongkongairport.com/en/media-centre/press-release/2020/pr_1433
 

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Discussion Starter #368
Here is an update on the new bridge to the Gate 5xx satellite concourse taken on Feb 8 :

 

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Discussion Starter #369
South China Morning Post Excerpt
Apr 8, 2020
Hong Kong’s Airport Authority in talks with banks for US$2.6 billion loan to fund construction of third runway

Hong Kong’s Airport Authority (AA), which is in talks with banks for a HK$20 billion (US$2.6 billion) loan to help fund the city’s third runway, announced another round of relief package for the aviation industry valued at HK$2 billion on Wednesday.

The five-year facility for the runway, which is also meant for general corporate purposes, offers an interest margin of 72 basis points over the Hong Kong interbank offered rate (Hibor) and a top-level all-in of 82 basis points, reported Bloomberg, citing people familiar with the matter who are not authorised to speak publicly and asked not to be identified.

“During this difficult time, the AA has been trying its best to support business partners. As an integral part of the aviation industry, the AA is also facing a significant shortfall in revenue because of the traffic plummet,” a spokesperson for the AA said. “The AA will go to the financial market in the next two months to raise the necessary funds, in order to maintain its own liquidity for funding the airport operation and the committed capital projects. The loan will also be used to finance the new relief package.”

AA has a HK$5 billion five-year revolver due December, data compiled by Bloomberg show.

The fundraising comes even as air traffic has plunged in the wake of the coronavirus pandemic. Funding costs have also risen for banks in Greater China amid a global dollar liquidity squeeze.

More : Hong Kong’s airport eyes US$2.6 billion loan for third runway
 

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Discussion Starter #371
'Extra HK$8bn paid to contractors over third runway'
May 18, 2020
RTHK Excerpt

The Airport Authority has reportedly yielded to pressure from contractors to pay them an additional HK$8 billion in order make sure the third runway project is completed on time.

The Ming Pao newspaper said the contractors for the reclamation work involved had warned that because of a shortage of marine sand, the HK$141 billion project could be delayed by up to two years, to 2026.

They first demanded HK$16.8 billion, but later halved the amount, while the authority agreed to make a supplemental agreement "to recover delays in reclamation works" after considering other options, the newspaper said.

The HK$8 billion being handed over is from a contingency fund.

Airport officials had admitted last year that the shortage of filling materials had led to a 18-week delay.

Ambrose Linn, the chief executive of Hong Kong Construction Materials Association, said he expects the supply of marine sand will continue to be tight and that prices have already increased by around 20 percent from last year.

Source : 'Extra HK$8bn paid to contractors over third runway' - RTHK
 

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Discussion Starter #373
HKIA Faces Challenging Year in 2019/20
Press Release Excerpt

(HONG KONG, 24 June 2020) – Airport Authority Hong Kong (AA) published its Annual Report 2019/20 today for the fiscal year ended 31 March 2020, a challenging year for Hong Kong International Airport (HKIA). With the negative impact of the COVID-19 pandemic, the passenger volume and flight movement dropped 18.9% and 12% to 60.9 million and 377,420 respectively. Cargo volume was also hit by international trade dispute in 2019/20, registering year-on-year drop of 7.3% to 4.7 million tonnes; however, HKIA secured the status as the world’s busiest cargo airport for the 10th consecutive year.

In response to COVID-19, the AA responded quickly to ensure the safety of passengers and airport staff. The AA fully supported and facilitated all health and quarantine measures imposed by the Government as the situation evolved, which included providing dedicated areas in Terminal 1 (T1) to process passengers arriving from affected areas and assisting in the implementation of various port health measures. HKIA has stepped up cleaning schedules and deployed cutting-edge robots to thoroughly disinfect the terminal buildings and passenger facilities. Extra hand-sanitiser dispensers have been installed and we have been using public address system announcements, posters, videos and social media to disseminate related health protection messages.

The COVID-19 pandemic has not distracted the AA from the long-term vision. During the year, the Airport City development continued and significant progress on all projects was achieved. The construction of the Three-runway System (3RS) was progressing as planned, with the third runway on track to start service in 2022, and the entire 3RS project, which includes new buildings and related infrastructure, is expected to be commissioned in 2024.

As part of the 3RS project, Terminal 2 (T2) was closed for refurbishment in November 2019. When it reopens in 2024, T2 will offer a full complement of services for arriving and departing passengers. Meanwhile, to tie in seamlessly with the T2 closure, the extension to T1 was commissioned with a new aisle of 48 check-in counters and two additional baggage reclaim carousels.

During the year, the AA continued to work on a series of enhancement projects that will enrich the airport experience. In 2019/20, solid progress was made in upgrading T1 with a vibrant new look and an elevated ambience. The East Hall food court has been revamped with fresh dining concepts, adding 300 seats and bringing the total to 1,200. To create a smoother airport experience, the AA is developing a biometric system that enables passengers to check in at a smart check-in kiosk and then use their biometric features to clear multiple pre-boarding checkpoints. This service is expected to commence in 2020.

In addition, works continued on the Sky Bridge, which will link T1 and the North Satellite Concourse (NSC). During the year, prefabrication of the bridge was completed and the installation of its equipment and systems has begun. The 200-metre span, which is expected to be the world’s longest airside bridge, will make connections to the NSC fast and easy, while providing spectacular views of the apron.

More : Press Releases, Media Centre - Hong Kong International Airport
 
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