34
$40 billion at present
re-development
of height
day prices.
Further potential for
will result from the removal, in due course,
restrictions
in Kowloon after the closure of Kai
Tak. And, of course, PADS will give us the airport and port
facilities that are essential for our rapid growth as a
major business centre in the next century.
(a) The airport
65.
Since my announcement last October of the approach
we will take to port and airport development, the case for
building a new airport at Chek Lap Kok has become even more
compelling. Our earlier forecasts of growth in traffic at
Kai Tak have proved too conservative. Over the past twelve
months, the number of passengers using the present airport
increased by 11% and the number of aircraft movements by
At this rate, Kai Tak will reach saturation point by
Last year, 16 million air passengers landed or took
off from Kai Tak. in terms of international flights, Kai
Tak is now the sixth busiest airport in the world. It is
international freight.
has
12%.
1994.
the fourth
busiest in terms of
According to our present projections, by the year 2000, Hong
Kong will need to handle some 32 million passengers a year,
passengers every day of
ΟΙ
an average of over 80,000
operation.
/66.
As