03-OCT-1990 18:18
INFORMATION SERVICES DEPT
1950-19-83 12:21 E38 GS
+ 852 523 1021
292 868 4679 P.86
P.07/08
(11.) Even the Kal Tak Consultants' estimate of HK$ 101
billion
could De much on the low side. This is
because
their estimate has only covered the
economic losses arising from foregone forwarders.
(rave]
air visitors from abroad, and from
foregone on-airport activities (e.g. airlines,
services) and off airport
by
various
airport
activities (e.g.
forwardera, travel agents,
hotels, restauranta,
shopping), These refer to
the
quantifiable
economic
losseg
only.
(Likewise, the PADS
Consultants' estimateg are
confined to quantifiable economic losses.)
Apart from these tangible losses, there are also
wider.
from
unquantifiable
lost
business
economic losses arising
opportunities in the
manufacturing, truding and service sectors
generally and from the damage to Hong Kong's
image રોક
an international
financial. centre.
commercial and
This could stem from the
highly undesirable situation where air passenger
and
cargo
movemento
are being increasingly
inconvenienced or deterred
additional airport capacity.
economic
disbenefits
by the lack
These intangible
could be very substantial,
of
and
this
SRM
also
recognised
by
the PADS
Consultants.
Thus
the
overall
economic
disbenefits could be well
in
excess of HK3101
billion.
!
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