Logistics hub planned for Hong Kong

Hong Kong’s Chief Executive has announced intentions to develop the city into a logistics hub, a move welcomed by the Hong Kong Airport Authority.

The AA has also welcomed the government’s decision to build a new exhibition centre at Hong Kong International Airport (HKIA). The logistics centre will be known as Hong Kong Tradeport, and is to commence operations by 2003. Logistics facilities at both the airport and the new exhibition centre are expected to create 6,000 jobs.

Tradeport Hong Kong Ltd will operate and manage the logistics centre on a site of 1.38 hectares. Initially it will have three floors with a total gross area of 28,200 square metres, with an option to add another floor, bringing the total gross floor area to 41,400 square metres. Capital investment is US$68 million. The lease will be for 25 years once operations begin. The centre is expected to generate $1.3 billion dollars within this period.