HONG KONG ’ S THREE-RUNWAY SYSTEM
sustainable features in their design , construction and operational aspects .
The financial arrangements for the 3RS will be based on the “ joint contribution and user-pay ” principle . Funding will be provided through three channels including HKIA ’ s retain operational surplus , collection of Airport Construction Fee ( ACF ), bank loans and bond issuance .
The authority has strictly followed prudent commercial principles when preparing the financial arrangements and considered numbers of factors such as the impact of AA ’ s credit rating , additional costs on passengers and HKIA ’ s competitiveness . HKIA has started collection of ACF on 1st August , ranging from HK $ 70- 180 depending on flight distance , ticket class and destination .
What are the project schedule and timeframes for completion of each area ? What preliminary work has been undertaken to ensure the project is a success ? The eight-year construction of 3RS is expected to be completed in 2024 , with the commissioning of the new runway in 2022 . The construction for the 3RS
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