TNAG-1836-FCO40-2611-Executive-Council-of-Hong-Kong-memoranda-and-minutes-of-meet-1989 — Page 69

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(a)

broad economic costs and benefits;

(b)

broad financial costs and benefits;

(c)

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funding and institutional arrangements; and

(a)

general

performance

in

terms

of

implementation, flexibility, robustness and operational efficiency.

Principal Working Assumptions

7.

At various stages of the PADS studies, it has been necessary to make a number of working assumptions to use as а basis for shaping strategic development proposals. Some of the more significant assumptions are briefly as follows :

(a) Possible Timing of a Replacement Airport

(i) It is assumed that for Scenarios B and C, the

aim should be to construct a new airport as

soon as practicable. Current indications are

that it could take at least 8 years to build a

new airport at Chek Lap Kok and about 10 years for a new airport in the Western Harbour.

(b)

Resource Availability

capital and

(i) The principal assumption is that

recurrent expenditures in the public sector

will not be allowed to increase at

exceeding the percentage growth

GDP.

A further assumption is the

mobilise the institutional and

resources of the private sector

possible.

a rate

of the

need to

financial

as fully as

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