3
could
be re-deployed to other occupations, and
re-deployment could still yield 80% of
that this
the value added which would otherwise have been
obtained from the airport-associated employment.
Mainly on
this basis, the PADS Consultants
reckoned that the economic disbenefits of not
would be reduced to HK$68
having a new
airport
billion.
(c)
In
addition to
(b)
further assumed that
possibly other tight
above, the PADS Consultants
high airport charges and
restraints could be put in
place to scale down the level of air traffic
closer to the capacity of the existing airport at
Kai Tak.
This reduced the economic disbenefits
further to only HK$11 billion.
4.
We are less optimistic than the PADS Consultants on the
extent of adjustment that is possible under cases (b)
We believe that their alternative estimates
and (c).
at (b) and (c) are conservative,
for the following
reasons:
(i) The assumption
adopted by the PADS Consultants
application of price mechanism
concerning
the
(i.e. airport
charges
and
air fares) to ration
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