Hong Kong: A report issued this week has said there’s no need for a tenth container terminal in Hong Kong, but the port needs more land to alleviate congestion. The Study on the Strategic Development Plan for Hong Kong Port 2030, commissioned by the Transport and Housing Bureau, maintained that earlier plans for a HK60.9bn tenth terminal was unneccesary given the slowing growth at Hong Kong port, once the world’s top container port. However, more land is needed around the terminals in Kwai Tsing to accept more barges from the Pearl river as well as to store containers.
The study reckoned the port will grow at an average 1.5%a year until 2030, reaching 31.5 m teu in 16 years time. [03/12/14]