BMT Sets Out Hong Kong Development Plan
- Business & Finance
Following an in-depth review of the containerised cargo market in Hong Kong, BMT developed a plan to enhance the competitiveness of Hong Kong’s port sector.
The plan includes a series of staged improvements to the existing container terminals and facilities, through the allocation of more berths, barging sites and back-up land.
The review was conducted by BMT Asia Pacific, a subsidiary of BMT Group, on behalf of the Hong Kong Government.
“We want to make sure we spend money wisely. Considering global shipping trends affecting Hong Kong, as well as the capital costs associated with various development options, the most viable path for meeting the future growth anticipated over the next 15 years is clearly to focus enhancements on the existing container terminal facilities,” notes Dr Richard Colwill, Managing Director of BMT Asia Pacific.
“Measures currently underway, such as channel dredging, together with the development steps set out in our study can ensure that Hong Kong is capable of supporting this trade growth well into the next decades.”
BMT Asia Pacific led a consortium of port specialists who forecast market demand, productivity and capacity of port facilities, as well as the regional competitiveness of Hong Kong’s port sector.
The study involved extensive consultation with key industry stakeholders, including terminal operators, midstream operators, shipping lines, river trade operators, truck operators, shippers and consignees.
The Executive Summary of the study is available here.