A recent report commissioned by Hong Kong’s Transport and Housing Bureau has dismissed the idea of building a US$7.8 billion cargo terminal at Kwai Tsing Port, stating that more land is needed to address its bottleneck issues as opposed to investment.
The ‘Study on the Strategic Development Plan for Hong Kong Port 2030’ report stated that Kwai Tsing needed more land to receive river barges from the Pearl River Delta and to store containers.
The South China Morning Post reported the Transport and Housing Bureau as stating that the administration intends to collaborate with relevant stakeholders in order to implement feasible measures to ease pressure in the port.
Such measures should enable the Kwai Tsing container port to maintain steady growth until 2030.
The port is forecast to grow at an average of 1.5% a year until 2030, reaching 31.5 TEU in 2030.
Kwai Tsing, the fourth busiest port in the world, has suffered heavy congestion throughout 2014, with shipping lines resorting to re-routing and diverting their services to Shenzhen.
Kwai Tsing Port Needs Land, not Investment. (Source: China Daily USA)