Hong Kong again captured the title of the world's busiest container port in 2004 when it handled 22 million twenty-footequivalent units (TEUs). This was an increase of 8% from 2003 and means that Hong Kong has been the top container port 12 times in the last 13 years.
During 2004, the new Container Terminal 9 had not become fully operational, but now that it is completed, the nine container terminals at Kwai Chung-Tsing Yi will have a capacity of 18 million TEUs per year.
Hong Kong's Port Master Plan 2020, which was developed to cover port development over a 20-year planning period, recommends initiatives that will further improve efficiency of crossborder trucking and reduce inland transport costs to the Port of Hong Kong. This includes building the Hong Kong-Shenzhen Western Corridor, which should be operational in mid 2006, and the Hong Kong-Zhuhai-Macao Bridge to enhance connections to the Pearl River Delta region.
A study later this year will update the port cargo forecast and determine optimal timing for construction of a new container terminal.
A feasibility study will also be mounted to examine construction of a logistics park at Lantau Island.