PURPOSE
Annex A
BRIEFING PAPER ON THE
FINANCIAL ASPECTS OF THE NEW AIRPORT
AND RELATED PROJECTS
promised at the briefing on 3 October 1990, this paper
out the financial
aspects of the
airport
and related
As
sets
projects.
BACKGROUND
(a) Location of the new airport
2.
Development
Strategy
In 1988/89, the Port and Airport (PADS) Consultancy Study examined a number of initial airport and identified the following three main airport
sites
strategies
3.
(a) airport remaining at Kai Tak (as the base strategy for
comparison);
(b)
a new airport at Chek Lap Kok (CLK Strategy); and
(c) a new airport
at
the West Harbour between the Lamma
and Lantau Islands (West Harbour Strategy).
The decision to build the new airport at Chek Lap Kok was this strategy had performed better than the West Harbour
because
strategy on the following key criteria
-
(a) greater estimated net economic benefits;
(b)
earlier commissioning by around two years;
(c)
lower estimated construction costs (by about 20%);