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Government approves plan for third runway

The government has given its approval for a third runway at Chek Lap Kok.

The decision was welcomed by the Airport Authority, which said expanding the airport was crucial to consolidating Hong Kong as an aviation hub.

The Secretary for Transport, Anthony Cheung, said the estimated cost would be HK$141.5 billion. The project will be financed by the Airport Authority through internal funds, external borrowing, and charging passengers.

Professor Cheung noted that the airport charges at the Hong Kong were among the lowest studied in a consultancy report, so there was room to raise them further.

About 650 hectares of land will be reclaimed from the sea for the runway and a new passenger building. Construction is expected to be completed by 2023.

Hong Kong’s airport expects to reach maximum capacity under its current layout by 2022 at the latest.

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