- As sole supplier, KONE provides all 184 units to Huanggang Port, enabling vertical flow design for 300,000 daily passengers
- One-year execution under dual Hong Kong-Shenzhen standards delivers fully integrated cross-border project execution
- Introduces 24/7 connected services to enable predictive maintenance, leveraging real-time data and AI for seamless, 24-hour port operations
HONG KONG SAR – Media OutReach Newswire – 12 October 2026 – The Huanggang Port—the world's largest land port and the only 24-hour passenger link between Hong Kong and Shenzhen—is officially opened. Unlike the traditional horizontal border-crossing layouts, the port adopts an innovative vertical passenger flow design fully equipped with all 184 elevators and escalators exclusively provided by Finnish's KONE. Spanning the 9-story complex, this people flow solution is expected to slash transit times from 30 minutes to just 5 minutes for up to 300,000 daily passengers.
184 elevators and escalators across 9 levels deliver seamless vertical passenger flow
Breaking away from traditional clearance layouts, the Huanggang Port utilizes the height of its nine-story complex to create a vertical passenger flow arrangement, with immigration facilities on different levels to free up ground-level space for public transit. To bring this seamless experience to life, KONE supplied all 184 elevators and escalators, including 102 elevators equipped with regenerative drive technology and 82 escalators. Notably, the escalators feature a maximum rise of 19.2 meters, while the elevators can accommodate loads of up to 12 tons. This solution is designed to support the port's daily capacity of 300,000 passengers, significantly reducing walking distances and waiting times, while relieving traffic congestion especially during peak periods after large-scale events.
Digital predictive maintenance supports 24-Hour operations
As the only 24-hour land checkpoint between Hong Kong and Shenzhen, the port demands utmost equipment reliability. KONE 24/7 connected services continuously monitors all units, leveraging real-time data and AI technology to identify potential risks in advance. By shifting from reactive to predictive maintenance, this digital solution enables seamless, round-the-clock operations. During over a hundred pre-opening drills, all KONE equipment successfully passed the 20,000-person Shenzhen-Hong Kong boundary-crossing pressure test. This not only validates its ultimate stability but also underscores our strong capacity to handle massive passenger surges. Looking ahead, KONE aims to integrate elevator and escalator data with building systems to drive passenger flow analysis, operational planning, and resource optimization.
Cross-border collaboration elevates service integration across GBA
Navigating the different regulations of Hong Kong and Shenzhen within a complex cross-border environment, KONE completed the installation and commissioning of all 184 units in just one year. Reflecting on KONE's capabilities in cross-border project execution, Mr. Eric Xie, Senior Vice President of KONE Bay Region and Managing Director of KONE Hong Kong, said, "To meet the growing infrastructure demands of the Greater Bay Area, KONE has optimized its strategic setup in the region by closely integrating our Hong Kong and Shenzhen services. This investment not only strengthens our supply chain but also accelerates the delivery speed of elevator and escalator parts. By pairing Hong Kong's world-class service standards with Shenzhen's local technical talent and strategic location, we have built a powerful regional support network to fuel the future development of the GBA."
From Luohu and Liantang to the Huanggang Port, KONE is one of the few companies capable of delivering complex cross-border projects. Driven by our seamless cross-border synergy, KONE remains committed to supporting public infrastructure, commercial developments, and rail transit projects, contributing to the region's ongoing development.
Hashtag: #KONE
The issuer is solely responsible for the content of this announcement.
About KONE
At KONE, our purpose is to shape the future of cities. As a global leader in the elevator and escalator industry, we move two billion people every day, making their journeys safe, convenient, and reliable with smart and sustainable People Flow®. In 2025, KONE had annual sales of EUR 11.2 billion, and at the end of the year over 60,000 employees in close to 70 countries. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.
www.kone.com
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- The partnership combines the catalytic capital capabilities, convening platforms, and innovation networks of the Temasek Trust Collective with the World Bank Group's global development expertise, reach, and country-level insights to help promising solutions move from pilot to scale.
- Both organisations will explore co-financing and innovative financing approaches to mobilise additional resources, initially focusing on climate and energy, water, agriculture, and health.
- A regional Knowledge Node will be established at Temasek Shophouse in Singapore to connect philanthropic partners with development expertise, networks, and opportunities, and to help promising solutions move from pilot to scale.
BANGKOK, THAILAND – Media OutReach Newswire – 12 October 2026 – Temasek Trust and the World Bank Group today signed a memorandum of understanding (MoU) to establish a strategic partnership aimed at harnessing the complementary strengths of philanthropy and development finance to advance shared development priorities. The MoU was signed on the sidelines of the inaugural World Bank Group Philanthropy Forum held as part of its Annual Meetings in Bangkok.
Desmond Kuek, Executive Director and CEO of Temasek Trust, and Paschal Donohoe, Managing Director and Chief Knowledge Officer of the World Bank Group, at the MoU signing for a strategic partnership between Temasek Trust and the World Bank Group to advance shared development priorities.
The partnership combines the Temasek Trust Collective's catalytic capital capabilities, convening platforms, and innovation networks with the World Bank Group's global development expertise, reach, and country-level insights. Together, they will strengthen cross-sector collaboration and help promising solutions achieve impact at scale.
Paschal Donohoe, Managing Director and Chief Knowledge Officer, World Bank Group, said: "As development needs grow and resources come under pressure, partnership matters more than ever. Philanthropic organizations bring deep expertise and innovative solutions that align closely with our core missions and jobs agenda. The Philanthropy Hub will connect ideas, resources, and partners to take those solutions to scale, and to deliver for people and communities around the world."
Desmond Kuek, Executive Director and CEO of Temasek Trust, said: "Today's development challenges do not fit neatly into silos - and neither can our response. Philanthropy can move early, take risks, and unlock the partnerships and capital needed to turn bold ideas into lasting impact. Working in concert with the World Bank Group and its Philanthropy Hub, we can bridge systemic gaps, scale what works, and forge new pathways for collective action."
Under the MoU, Temasek Trust and the World Bank Group plan to collaborate across three areas:
- Convening and knowledge exchange: Bringing together governments, development institutions, businesses, philanthropies, and other partners to deepen collaboration, learning, and partnership development around shared priorities. This includes mutual participation in platforms such as the World Bank Group Philanthropy Forum and the Philanthropy Asia Summit; engaging senior leaders in high-level dialogues; and facilitating dedicated exchanges on World Bank Group missions, including Mission 300 and Water Forward, as well as approaches to co-funding, building coalitions, and developing country compacts.
- Shared knowledge and insights: Connecting philanthropic partners more effectively with World Bank Group platforms, expertise, programmatic support, and institutional knowledge. The collaboration may also facilitate country-level engagement by providing insights into local development challenges, innovations, and opportunities, together with guidance and connections to relevant stakeholders, knowledge, and partnerships. By building shared knowledge and a repository of effective solutions, the parties aim to help translate promising pilots into replicable and scalable models that can advance impact outcomes.
- Coordinating partners and capital towards shared priorities: Identifying capital mobilisation approaches to support larger, more coordinated, mission-aligned partnerships. Temasek Trust and the World Bank Group will also assess how their respective philanthropic networks and partners can be better aligned around common interests, while sharing knowledge on models for deploying and aggregating capital to support development solutions. Any specific financing arrangements or projects would be considered separately and remain subject to each party's mandates, policies, procedures, resources, and approvals.
Initial priority areas include water, agriculture, health, climate, and energy, with potential collaboration linked to relevant World Bank Group initiatives.
Knowledge Node at Temasek Shophouse
In 2027, under the strategic partnership and as part of the Philanthropy Hub, Temasek Trust will establish a Knowledge Node at Temasek Shophouse in Singapore. It will connect philanthropic partners with a wide range of World Bank Group datasets, expertise, and relevant networks to support evidence-building and collaboration and will help promising solutions progress towards wider adoption.
Hashtag: #TemasekTrust
The issuer is solely responsible for the content of this announcement.
About Temasek Trust
Temasek Trust is the philanthropic arm of Temasek Holdings, with community stewardship goals of protecting the planet, uplifting communities, connecting people, and advancing capabilities. By forging new pathways in philanthropy and impact investing with like-minded partners, Temasek Trust advances catalytic philanthropy as a force for good. Through the Temasek Trust Collective, an ecosystem of organisations united by a shared purpose of building better for every generation, Temasek Trust builds capacity, convenes partnerships, mobilises capital, and catalyses solutions to drive positive impact. For more information, visit www.temasektrust.org.sg. Follow us on LinkedIn, Instagram, Facebook, and YouTube.
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