Hong Kong's airport dominance under threat by upcoming hubs
A US$12.9b airport in Beijing is due to open in 2019.
Bloomberg reported that a US$1t global airport spree is threatening the dominance of Hong Kong airports.
About half that money is due to be spent on upgrading or building new airports in Asia, the Sydney-based CAPA Centre for Aviation estimates. In Beijing, a new US$12.9b airport due to open in 2019 will turn China’s capital into one of the world’s biggest aviation hubs.
Bangkok’s Suvarnabhumi Airport is set for 117b baht ($3.b) of upgrades through 2021 including a third runway. South Korea’s Incheon International Airport is spending 5 trillion won (US$4.b) on a second terminal as it aims to become “the world’s leading mega-hub airport.
Hong Kong, meanwhile, plans to fill in part of the South China Sea to make room for a third runway — at a cost of HK$141.5b(US$18b).
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