Hong Kong's Airport Needs $8.8 Billion Debt for Third Runway
- Study recommends issuing bonds including local retail notes
- Asia’s busiest airfield needs capacity to counter competition
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Construction workers have already started the work toward filling in part of the South China Sea to make room for Hong Kong airport’s third runway. The project is also set to make bankers busy.
The Airport Authority Hong Kong needs to raise HK$69 billion ($8.8 billion) to fund the runway, and should consider selling bonds and tapping the loan market, according to a report by its financial consultant HSBC Holdings Plc.