the economic consequences of not providing a replacement airport when the traffic forecasts indicated it would be needed would, however, be small, if
(i)
(ii)
the period during which use of the airport was restrained was limited to two or three years; and
this actual period was identified well in advance so that the provision of hotels and other tourist facilities could be
tailored to demand accordingly;
(e) the economic consequences of restraining the
use of the airport for longer than two or three years would be serious. Restraint of five or more years, would inhibit the growth not only of tourism but of trade and finance as well;
(f)
the restraints needed, following a decision not to build a replacement airport at all, would progressively adversely affect all externally oriented sectors of the economy. Eventually businessmen and others would be unable to move in and out of Hong Kong as they wished, the air cargo industry would be inhibited and the tourist industry would be forced to contract.
No comments yet.
Private notes are available after approval.