GOVERMENT HOUSE HONG KONG.
MON 30 MAR 92 10:54
PG.28
27
severe
any
circumstances, it is expected that the liability for
Government contingent funding support for the project
will fall away before then.
50.
After
the
completion
of
the
project
and
the
repayment of initial project debt i.e. by about 2005 in the 'base case', the Government of Hong Kong can look forward to
its investment
a
return steady
on
in
terms of dividend
the by
AA.
In the "base case" scenario,
the
SAR is
receive about $56
payments
Government of the
billion $140
But much more
to expected
billion in dividend at money of the day prices by 2010.
Over the following ten years, up to 2020, further dividends
totalling about
are expected.
than that, the Government will have a facility which will be crucial to facilitating the future economic growth of Hong
The economic disbenefits of failing to have completed
a new airport have been estimated to run into hundreds of
billions of dollars.
Kong.
The level
Of Government
funding
support required for this project as set out in this paper
should also be seen in this context to appreciate the full
of this approach in terms of the wider
cost-effectiveness
benefits to Hong Kong's economy as a whole.
ESB/30.3.92
(DSES/A/FINAGR-7)