Background
PORT AND AIRPORT DEVELOPMENT STRATEGY
Hong
finance,
Kong is an important centre for world and regional
trade, manufacturing and tourism. To maintain its
economic success in these highly international fields, it is
essential that Hong Kong's port and airport are capable of
handling the high volumes of traffic which are forecast to
occur in the next decades. It was in recognition of this
overriding need that the Port and Airport Development
Strategy was devised. Before formulating the strategy,
years of detailed study had taken place to ensure that the
strategy provided the best option in terms of overall
development and was the most viable both financially and
commercially.
Since the first consultancy on the
replacement airport in 1973-75, there have been no less than
eight consultancies on the replacement airport alone.
Details are provided at Annex A.
The Need for a New Airport
2.
There was no question of not having a new development
strategy. Everything possible is being done to expand the
existing airport, but even after completion of the $3.6 billion package of expansion works now in hand, there is a
real risk that the airport will be saturated as early as
1994 three years before the new airport at Chek Lap Kok is
scheduled to open.
It would be irresponsible to ignore this
situation. Consultants estimated that if nothing were done
and the airport was saturated between 1996 and 2010, then
-
Hong Kong's economy would lose business potentially worth
about $101
billion
(1989
price level) simply because
No comments yet.
Private notes are available after approval.