The Hong Kong Airport Authority plans to take an unspecified stake in a cargo-handling facility at Shanghai's Pudong International Airport as part of its continuous efforts to boost its investment in the mainland, as well as capitalize on strong cargo growth in eastern China, The Standard reported. Located near Pudong International's third runway, the facility is due to be completed in April 2008. Comprising an express center, logistics zone and cargo terminals, it will be able to handle more than three million tonnes of cargo annually. The investment by the Hong Kong Airport Authority will be its third in the mainland. In April last year, it paid 1.99 billion yuan for a 35 percent stake at Xiaoshan International Airport. In February this year, it won approval for a joint venture to operate Zhuhai airport in Guangdong, wrote the paper.