Government to press ahead with CT10 despite industry opposition
The government is pressing ahead with plans for a 10th container terminal, in southwest Tsing Yi, backed by a study it says shows that Hong Kong needs another terminal by 2015.
New players may also be brought in to run the terminal - to boost competition and lower costs, a government source said.
Proposals for Container Terminal 10 (CT10) have been on the drawing board for years, but face opposition from port operators, including Li Ka-shing, who say a new terminal is not needed as more container traffic moves to cheaper mainland ports.
Financial Secretary John Tsang Chun-wah revealed that southwest Tsing Yi had been chosen for the site of the terminal - over northern Lantau, for environmental reasons - during his budget speech in February.
The government source said construction of CT10 was needed to boost and maintain Hong Kong's cargo port competitiveness.