Finally, Hong Kong's Airport Is Cleared For Takeoff

On Hong Kong's Lantau Island, earthmovers rumble at the site of the world's largest new airport. Squabbling between London and Beijing has slowed the $20 billion project--though some work has gone forward. But now, the pace of construction will soon pick up. On Nov. 4, the two governments agreed to a general financing plan, allowing billions of dollars to be awarded over the next three years. "A hell of a lot of projects will suddenly hit the market," says a top airport official.

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