TNAG-1039-FCO40-1289-Future-of-Hong-Kong-1981 — Page 14

Taking all the above assumptions together it would appear likely, given that the airport project proceeds, that overall capital expenditures will peak in 1984-85 at around $19.8 billion (in-1980 prices) and remain at a very high level until after 1986-87 as follows

81-82 82-83 83-84 84-85 85-86 86-87 87-88 88-89 89-90 90-91

($ billion 1980 prices)

G

PWP items

excluding land 4.6 6.0 6.8

Housing

7.0 6.8 6.7 6.4 5.6 4.7 4.5

Authority

3.9 3.9 3.9 3.9 3.9

3.9 3.9

3.9 3,9

3.9

Lantau Airport,

bridge and

development

0.2

1.2 1.7

2.1 1.9 2.2 2.4

1.8

MTR

expenditure

1.0

1.5 1.3

1.3 0.8 0.5

Private sector 6.4 6.4 6.4

6.4 6.4 6.4 6.4 6.4 6.4 6.4

Tota 1

15.9 17.8 18.6

19.8 19.6 19.6 18.6 18.1 17.4 16.6

42

The years of heaviest investment coincide with the period during which investment in the proposed Tin Shui Wai development, if it proceeds, would be accelerating, as indicated in the following table -

G.S. 166

CONFIDENTIAL

機密