As I mentioned earlier, we do about 500,000 tonnes of cargo a year. We project that to probably grow in 20 years time to over 758,000 tonnes. Again, I think there is a lot of opportunity for that sector, for the simple reason that what we're finding in the world today is dedicated freighters are becoming fewer and fewer. More and more cargo is being moved in the belly of wide-bodied aircraft because those aircraft have tremendous capacity underneath there.
Again, to all the colleagues, taking my experience, you're aware that I worked in the Hong Kong International Airport for 17 years, from 1995 to 2012, and I saw the growth in cargo there. In 1998, I would say in the Hong Kong airport 60% of the cargo was carried through freighters, and 40% in the belly of the wide-bodied aircraft. Last year they handled almost four million tonnes of cargo, and they found a shift to 60% in the belly, and 40% in dedicated freighters.
With that additional capacity available on those wide-bodied aircraft, it actually creates an environment that allows for very competitive pricing. The volume is there, the plane is going as part of a passenger flight, so that actually creates capacity, which then I think creates opportunities for people who want to ship by air to have a more affordable means using air freight.
I look at Pearson in particular, with additional long-haul flights coming in that are all wide-bodied, which is again where the international trade goes. I think having an environment where there are a lot of direct flights, greater frequency to some of these centres where we want to trade, will allow more capacity. With more capacity it will probably allow for better pricing, and better pricing will probably encourage more of that activity in the future.