Hong Kong’s Nearly Empty Airport Gets $18 Billion Expansion
- Passenger traffic is still a fraction of pre-Covid levels
- City risks losing status as an aviation hub to regional rivals
It could be one of the world’s most expensive white elephants.
Hong Kong opened its new, third runway at its airport on Friday morning, part of a HK$141.5 billion ($18 billion) project that will increase its footprint by 50%, adding 650 hectares (1,606 acres), equivalent to the size of Gibraltar.