Third runway at Hong Kong International Airport ‘going to be needed’ - Cathay Pacific
Jan 13, 2022, 11:57 pm
#451
Join Date: Sep 2000
Location: new york, ny
Posts: 1,373
The purpose of the 3rd runway is to move money from Hong Kong government reserve into China's state own construction companies. It is doing exactly what it is designed to do. The budget will again overrun to 200 billion HK dollars and they can blame the pandemic.
Jan 13, 2022, 11:59 pm
#452
Join Date: Sep 2000
Location: new york, ny
Posts: 1,373
need is very vague. everybody needs everything but at what cost. lots of investment assumptions are presumably invalid for post comissioning return. Construction phase job creation probably helped the employment sector, at expense of jacking up supply side pressure in an inflationaty enviornment.
2020 and 21 total annual aircraft movements were 160k ish, lower than 1998 stats when airport first pened. 2019 was close to 400k
https://www.cad.gov.hk/english/statistics.html
airport masterplan 2030 indicated Kaitak had 160k capacity, two runway CLK airport had 360k capacity. forecash for 2030 was 600k annual aircraft movement which was justification for it. or say over 7yr after covid is over (23-30) thats growth rate of 20pct compounded for 7yr to achieve it.
https://www.google.com/url?sa=t&sour...Albh5fMJRT_Y_s
with reputation HK built that we can close anytime we want, not sure if foreign investment/commitnent will continue to even achieve a constant 20pct annual compound growth at HKIA
2020 and 21 total annual aircraft movements were 160k ish, lower than 1998 stats when airport first pened. 2019 was close to 400k
https://www.cad.gov.hk/english/statistics.html
airport masterplan 2030 indicated Kaitak had 160k capacity, two runway CLK airport had 360k capacity. forecash for 2030 was 600k annual aircraft movement which was justification for it. or say over 7yr after covid is over (23-30) thats growth rate of 20pct compounded for 7yr to achieve it.
https://www.google.com/url?sa=t&sour...Albh5fMJRT_Y_s
with reputation HK built that we can close anytime we want, not sure if foreign investment/commitnent will continue to even achieve a constant 20pct annual compound growth at HKIA
Jan 17, 2022, 8:29 pm
#453
Join Date: Sep 2020
Programs: BA Gold; ex JAL JGCP
Posts: 261
Net migration was -200k the last year.
So, enjoy!
Jan 17, 2022, 8:52 pm
#454
Join Date: Sep 2000
Location: new york, ny
Posts: 1,373
Jan 18, 2022, 1:04 am
#455
Join Date: Nov 2017
Programs: MPC-DM, Enrich-Plat
Posts: 1,310