HKIA Invests HK$1 billion for SkyPier Development

Hong Kong (HONG KONG INTERNATIONAL AIRPORT) - To cater for the increasing traffic demand between Hong Kong International Airport (HKIA) and the Pearl River Delta (PRD) region, HKIA will invest HK$1 billion to build a permanent cross-boundary ferry terminal - SkyPier, and extend the Automated People Mover (APM) system to link up the ferry terminal with the passenger terminal buildings. HKIA also signed a three-year agreement with Hong Kong International Airport Ferry Services Limited (HKIAFS) for the management of the new ferry terminal. HKIAFS is a joint venture which Chu Kong Shipping Enterprises (Holdings) Ltd controls a 60% stake and Shun Tak Holdings Limited holds the remaining 40%.