2
economic
disbenefits
HK$11 billion
to
would
range widely,
from
HK$185 billion(2), depending on the
different assumptions used.
(a) Based on the same assumptions as adopted in the
Kai Tak
straight
Consultancy, the PADS Consultants made a
extrapolation of the Kai Tak Consultancy
billion.
figures and this gave an estimate of economic
disbenefits of HK$ 185
(The figure
could be even larger if the time horizon adopted
by the PADS Consultants for the estimation is
extended beyond 2026. We nevertheless prefer a
less remote cut-off at year 2010 adopted by the
Kai Tak Consultants.)
(b) The
PADS Consultants then adopted a new
regard to the airport-associated
could be released because of the
assumption with
employees which
saturation.
inability of the airport-related services to
expand further once the Kai Tak airport reached
Whereas the Kai Tak Consultants
assumed that these lost employment opportunities
would result in a complete disbenefit, the PADS
Consultants assumed that 95% of these resources
(2)
At 1988 prices, for the period from 1997 to 2026.