Total
Cost
8,400 New
83-84 84-85 85-86 86-87 87-88 88-89 89-90 90-91 91-92 92-93
($ million late 1980 prices)
100 400 800 1,200 1,300 1,500 1,500 900 500 200
Airport
400 Lantau
Road
20
100
120
120
40
2, 150 Lantau
Bridge
100
600 600
400
150 100 150
50
8,000 Lantau
50 180
350 450 550
700
800 800 800
and
reclamation
development
Total
220
1,150 1,700 2,070 1,940 2,150
2, 350 1,750 1,300 1,000
39
* After 92-93 expenditure on Lantau development can be
expected to continue gradually tailing off until completion towards the end of the century.
Besides the commitments dealt with above a further major and unavoidable load on the construction industry arises as a result of the decision to proceed with the MTR Island Line, together with the residue of expenditure on the Tsuen Wan extension, which will require expenditures of the following order (although some of this will be on equipment)-
1981-82 82-83
83-84 84-85 85-86 86-87 ($ million at 1980 prices)
Total
TWE
Island Line
760
260
Total
450 1,050
1,020 1,500
1, 300 1,300 790
530
1, 210 5, 230
1,300 1,300
790
530
6,440
40
As regards the private sector, it appears likely that construction activity will remain buoyant and it would be unreasonable to assume a continuing level of expenditure of less than the 1980-81 level of $6.4 billion. It may also be anticipated that major investment, both by the private sector and by Government, will soon be required to expand container terminal facilities as the Kwai Chung port is expected to be operating at full capacity by 1985.
CONFIDENTIAL
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