33
Government's current and medium-range commitments and these
large capital projects, whose benefits will not be felt
until the latter part of the 1990s. Nevertheless, there is
properly managed, these projects are within
no doubt that,
our financial capacity.
62.
By any measure, PADS offers excellent future
returns as a sound investment.
obvious
for
In the medium term, the most
benefit will be the new land which it will open up
development.
On the North Lantau coast, some 200
hectares of land will be formed for industrial development
along the approaches to the new airport. The West Kowloon
Reclamation will give us about another 70 hectares of land
for industrial, commercial and residential development.
63.
In
addition, once the new airport is built, the 270
hectare site of the present Kai Tak Airport
Airport will be
available for development, and the way
will be open fci
reclaiming over 300 hectares of new land in Kowloon Bay.
64.
Taking into account only the areas I have just
mentioned, this means that the new airport project alone
will create а potential
revenue from land sales of nearly
/$40