Construction starts on Hong Kong cargo terminal

9/8/2008 10:14:08 AM

Cathay Pacific Airways has broken ground on its new HK$4.8 billion ($614.7 million) cargo terminal at Hong Kong International Airport.   The common-use terminal is to be completed in the second half of 2011 with a designed annual cargo capacity of 2.6 million tons, the airline said.   Cathay and Hong Kong officials say the new facility is key to retaining Hong Kong's status as a top air freight hub in Asia.   The hub will be operated separately from Cathay Pacific Cargo under a 20-year concession.   American Shipper

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