BENEFITS OF ACP TO THE HKG
Main features
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By 2020, the new airport, the airport railway and the Lantau Fixed Crossing (LFC) will have generated over $300 billion as additional
income for the Government.
The airport will generate some $48 billion from dividends, profits tax and rates (net of Kai Tak surplus).
The airport railway will generate $35 billion from dividends and profits tax, and another $42 billion from land premium.
The LFC is expected to bring $191 billion as net revenue (The project estimate is $17.16 billion)
The Government's investment in those elements of the ACP directly required to support the new airport (i.e. HKG's equity investments
investments in the AA and MTRC, plus capital expenditure on NLE, Tung Chung and LFC) is forecast to be close to 12% by 2020 and close to 15% by 2040.
The ACP is the springboard for Hong Kong's economic growth. Going ahead with the airport alone will increase Hong Kong's GDP by at least $420 billion between 1997 and 2010.
Points to make
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The ACP is a sound long term investment.
Government's contribution in terms of works expenditure ($60.1 billion) and equity investment into the AA and the MTRC ($20.3 billion) is some $80.4 billion.
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well over
The returns are more substantial $300 billion just for the airport, airport railway and LFC.
The airport project alone increases the GDP by some $430 billion between 1997 and 2010.