Airport Authority Hong Kong is on target to finalize deals to manage the Zhuhai Airport and Hangzhou Xiaoshan International Airport by the end of this year, The Standard reported. "We are doing all the preparatory work and hope to start operations within a few months," said the paper, quoted chief executive David Pang as saying. The authority also reiterated that a proposed cargo facility is necessary to improve capacity at Chek Lap Kok. "We need more capacity and need to expand," Pang said. As for Zhuhai Airport in the western Pearl River Delta, which the authority plans to manage for 20 years, the General Administration of Civil Aviation of China gave approval to the joint venture in February. The authority will hold a 55 percent stake in the joint-venture company, Zhuhai-Hong Kong Airport Management, which is valued at 360 million yuan (45 million US dollars).