en.Wedoany.com Reported - Hong Kong Air Cargo Terminals Limited has signed a new agreement with the Airport Authority Hong Kong to extend its cargo handling concession for 15 years. The new concession period runs from July 2028 to 2043, when the current concession expires.

As the largest independent air cargo terminal operator at Hong Kong International Airport, Hong Kong Air Cargo Terminals Limited (Hactl) will continue to support Hong Kong's status as an international aviation hub. Hactl CEO Frosti Lau stated that the signing of the new agreement marks a significant milestone, highlighting the company's commitment to Hong Kong and its global vision. The company will allocate at least HK$1 billion for infrastructure modernization, deployment of new technologies, and integration of ESG principles into its operations. Frosti Lau also expressed confidence in the prospects of the air cargo industry, citing the completion and operation of the third runway, Terminal 2, and other Three-Runway System facilities, as well as government support. The company will leverage innovation and sustainability to align with Hong Kong's positioning as an international aviation hub under the national "15th Five-Year Plan."

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com