Hong Kong $18 Billion Airport Expansion Hit by Over a Year Delay [BNN Bloomberg (Canada)]
CATHAY PAC AIRWAYS S/ADR (CPCAY)
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Source: BNN Bloomberg
to people with knowledge of the matter, in a blow to the Asian financial hub's post-Covid economic revival. Originally due to the completed by the end of 2024, part of the second terminal development will now not be ready for another year at least, the people said, asking not to be identified because the information isn't public. The second passenger concourse won't be ready until 2026, one of the people added. The delay hasn't been announced by Airport Authority Hong Kong, which operates the city's international airport, however it has been communicated privately to some key stakeholders. Considering the upgrades involve one of the airport's existing middle runways, all three take-off and landing strips aren't now planned to be fully operational until the summer of 2025, the people said. The middle runway that's under refurbishment is currently on track for completion, certification and testing by the fourth quarter of this year, one of the people said. Airport Authority of H
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