HK-Zhuhai airport equity pact signed

November 26, 2024

Secretary for Transport & Logistics Lam Sai-hung today visited Zhuhai to attend and witness the signing ceremony of the Airport Authority Hong Kong (AAHK)'s equity acquisition of Zhuhai Airport.

 

The Agreement of Shares Acquisition concerning the equity acquisition of Zhuhai Airport was signed by AAHK Acting Chief Executive Officer Vivian Cheung and Zhuhai Transportation Holdings Group Chairman Chen Weijia.

 

Mr Lam, CPC Zhuhai Municipal Committee Deputy Secretary and Zhuhai Mayor Huang Zhihao, as well as AAHK Chairman Fred Lam witnessed the signing ceremony.

 

The Transport & Logistics bureau explained that the Zhuhai Municipal Government and the AAHK have been jointly operating and managing Zhuhai Airport since 2006, driving the continuous growth of passenger traffic and the expansion of the domestic aviation network, which shows that the co-operation between the two parties has achieved remarkable results.

 

It also pointed out that the commissioning of the Hong Kong-Zhuhai-Macao Bridge has shortened the travelling distance between Hong Kong and Zhuhai, creating favourable conditions for the two places to further strengthen collaboration in their airports and aviation industries.

 

With the support of the central government, the AAHK and the Zhuhai Municipal Government have been pressing ahead with the AAHK's equity acquisition of Zhuhai Airport according to market principles in the past few years with a view to promoting a deeper co-operation between the two airports.

 

Today's signing ceremony of the Agreement of Shares Acquisition of Zhuhai Airport marks a new milestone for co-operation between two airports, providing a more solid foundation for enhancing passenger and cargo connectivity between the airports.

 

Mr Lam highlighted that the National 14th Five-Year Plan and the Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) have recognised Hong Kong's status as an international aviation hub.

 

He said that the Hong Kong Special Administrative Region Government has been making continuous efforts in promoting the aviation development on multiple fronts, including fostering closer connections with other cities in the GBA to achieve a multiple synergistic effect and proactively contribute to the development of a world-class airport cluster in the bay area.

 

Apart from emphasising that deepened co-operation between Hong Kong International Airport (HKIA) and Zhuhai Airport is one of the great examples of strong alliance with complementary advantages, the transport chief noted that the long-awaited Three-Runway System of HKIA is about to come into operation, and its capacity will increase significantly.

 

“The Hong Kong SAR Government will seize the opportunity by increasing our efforts to expand the aviation network and connect the whole nation through establishing an intermodal transport network with other cities in the GBA.

 

“We will work with Zhuhai to enhance the Fly-Via-Zhuhai-Hong Kong service, achieving greater synergy by integrating the international aviation network of HKIA and the domestic aviation network of Zhuhai Airport.

 

“We will also pursue co-operation in other aspects, including the development of the international air cargo business in collaboration with Zhuhai and taking forward the development of a high-end aviation industrial cluster, with an aim to realise a development plan which is mutually beneficial to the two places,” Mr Lam added.

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