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October 13, 2009

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Home » Business » Transport

Shanghai, Hong Kong unite to streamline Hongqiao Airport

SHANGHAI tied up with Hong Kong yesterday in establishing a 100 million yuan (US$14.7 million) joint venture to upgrade the management of its Hongqiao International Airport.
The plan is to make the airport a gateway to the Yangtze River Delta and beyond.
Shanghai Airport Authority and Airport Authority Hong Kong signed a cooperation agreement in Shanghai yesterday for the joint venture, to be called Shanghai Hong Kong Airport Management Co.
The Shanghai Airport Authority takes a 51 percent stake in the joint venture, while its Hong Kong partner holds the remainder.
"We're confident of making the Hongqiao airport one of the internationally competitive airports," Henry Tang, Hong Kong's chief secretary for administration, told Shanghai Mayor Han Zheng yesterday.
Hong Kong will seek further cooperation with Shanghai by becoming part of the city's economic and infrastructure development, Tang said.
Han said the cooperation would trigger a warm response from Shanghai residents who were well aware of Hong Kong services.
The joint venture will have a life span of 20 years beginning in 2010.
It will help run the two terminals of the Hongqiao airport and manage passenger-related issues linked to the under-construction western terminal and Hongqiao area's transport hub.
Shanghai is pushing its Hongqiao transport hub, linking Metro, bus, railway and airways, as the core of a massive new domestic and international gateway.
Shanghai has two airports - Hongqiao, which mainly serves domestic routes and Pudong International Airport. However, Hongqiao has some international flights, with Tokyo and Seoul services.
The Hongqiao airport has already won state approval for a 15.3 billion yuan project to run a 3,300-meter second runway, a new cargo zone and a new terminal covering 364,000 square meters.
The new terminal will be more than four times bigger than the present one.
Extension work is scheduled to be completed next March.
By then, Shanghai will have a total of four terminals and five runways for a combined annual capacity of 90 million passenger trips and 5.2 million tons of cargo.
Shanghai and Hong Kong are no strangers to aviation cooperation deals.
In October 2003, the two cities signed a letter of intent on closer cooperation in eight areas, including airports, marine logistics and the Shanghai 2010 World Expo.
Cooperation initiatives, from training and development to business consultation, have been launched since then.


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