From the landing of the first flight on July 6, the airport will be one of the most advanced in the world. But within months it will have taken another great leap forward with the opening of the second northern runway and the extension to the passenger terminal. The second runway and the terminal extension will expand the annual throughput to 87 million passengers and nine million tonnes of cargo. Funded by a $3 billion revolving loan facility agreed with the China Development Finance Company (Hong Kong) for the Bank of China Hong Kong branch, Tokyo-Mitsubishi International (HK) for the Bank of Tokyo- Mitsubishi, Chase Manhattan Asia for the Chase Manhattan Bank, and HSBC Investment Bank Asia for the Hongkong and Shanghai Banking Corporation, it will enable the declared runway capacity to be increased from 37 to 38 aircraft movements per hour to 50. The first contract for the extension to the passenger terminal was awarded in 1996 with Franki Contractors of Hong Kong getting the $137.5 millionnod to carry out the piling works. With that nearing completion, the $995 million contract for the northern runway works was won by the ACG Joint Venture, consisting of AMEC of Britain, China Fujian Corporation for International Techno-economic Co-operation and the German company Heilit & Woerner Bau AG. Additional work for the extension to the passenger terminal's northwest concourse and the north and west aprons, which are associated with the second runway, was awarded to a joint venture undertaken by Zen Pacific Civil Contractors and Shui On Construction Company late last year. The $920-million contract will see 34,000 square metres of gross floor space added to the passenger terminal as well as another 10 aircraft gates, bringing the total of direct access gates to 48.