CONFIDENTIAL
PORT AND AIRPORT DEVELOPMENT STRATEGY
1.
Introduction
НКС 182 12
GECEIVED INES
17 JUL 1990
-pence.
Hong
trade. manufacturing and tourism.
Kong is an important centre for world and regional_f
success, it is
Το maintain its economic
ΤΟ meet
thesa
essential that Hong Kong's port and airport are
of handling capable
the high volumes of traffic which are
forecast to occur in the next decades. requirements the Hong Kong Government produced the Port and Airport Development Strategy, following 17 years of intermittent
study on the airport site in particular. It is a coherent overall plan for Hong Kong's future needs, but its component parts are different in nature and will be financed by different methods. They are therefore described separately below
2.
Airport.
(1)
Need for a new airport
Even with the benefit of the current HK$3.6 billion expansion package, Kai Tak airport will reach saturation point somewhere between 1994 and 1996. Consultants have estimated that if no
new airport were built and Kai Tak were saturated hetween 1906
and 2010, Hong Kong
business potentially worth
ЯК$101 billion (at $1989 prices). This would severely damage Hong Kong's economy, and its competitive position in the region.
would lose
(ii)
Site for a new airport
Since 1973 when our studies began every possible site for a
replacement airport has been examined. About 30 sites have heen looked at in various degrees of detail. The more serious
alternatives to Chek Lap Kok.
primarily sites in the Western
Harbour and Deep Bay, have been examined at length. But al} the alternatives were found to be less attractive than Chek Lap Kok.
(iii)
Cost and Financing of the new airport
estimate of the
The rough
cost of the airport as provided by
consultants in 1989 prices is mazalion This order of costs
ଆ