rail connection in Hong Kong raises interest
from Cathay ...
Hong Kong SAR chief executive, Donald Tsang
has recently launched a series of proposals
to develop the rail connections in the Hong
Kong-Pearl River Delta region. A service between
Hong Kong International Airport (HKIA) and Shenzhen
Airport has attracted particular interest from
Cathay Pacific and Airport Authority Hong Kong.
It has been said that a joint task force with
the Shenzhen Municipal Government will develop
plans as early as next year.
The reason for such interest in the project
stems from HKIA’s ranking as one of the
world's busiest international airports in terms
of both passengers and cargo. Should the project
eventuate, it will hold the potential to create
the conditions for a double-hub operation in
the Pearl River Delta region. It also provides
Cathay with another investment option in the
Mainland, through Shenzhen Airlines, after its
planned joint bid with Air China's parent for
China Eastern Airlines was unsuccessful. Shenzhen
Airlines also offers another benefit, as it
is 25%-owned by Cathay’s cross-equity
partner, Air China.
“[a rail link between Hong Kong and Shenzhen]
should have great potential for new opportunities
to increase passenger and cargo traffic between
Hong Kong and the Mainland, and we would be
very happy to contribute our expertise and experience
to the work of the task force,” said Cathay’s
CEO, Tony Tyler.