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CONFIDENTIAL
AIRPORT AND RELATED PROJECTS
Annex 11
TUNG CHUNG DEVELOPMENT -
WESTKOVIOON RECLAMATION
$9.5 (12%)
UTILTE HER MISC.
$2) %}
PHASE 1 $3.0 (4%)
North Lantau Expressway ($5.0)
NOTE:
1. Some of these projects (for example, he West Kowloon Reclamation and expressway,and the Western Harbour Crossing) are required even without an airport, and some are expected to be inanced wholly (Westem Harbour Crossing) or partly (Chek Lap Kok Airport) by the private sector.
2. This expenditure should be seen in >erspective, against the fiscal reserves of $72.5 billion and the increasing Land Fund, and against the considerable 'evenue arising from these projects, ncluding potential revenue of nearly $40 billion from land sales.
CHEK LAP KOK AIRPORT
$ 38.0 (48%)
Lantau Fixed Crossing - Bridges ($7.0)
HIGHWAYS & BRIDGES $26.5 (34%)
L
Lantau Fixed Crossing
Rail reserve & Roule 3
Interchange ($3.0)
Route 3 - Kwai Chung & Tsing Yi Sections ($5.0)
West Kowloon Expressway & }
Western Harbour Crossing ($40
ESTIMATED ORDER OF COSTS UP TO 1997
(IN HK$ BILLIONS IN 1990 PRICES)
CONFIDENTIAL
11