TNAG-2141-FCO40-3060-Hong-Kong-Port-and-Airport-Development-Strategy-(PADS)-1990 — Page 57

CONFIDENTIAL

PORT AND AIRPORT DEVELOPMENT STRATEGY

1.

Introduction

НКС 182 12

GECEIVED INES

17 JUL 1990

-pence.

Hong

trade. manufacturing and tourism.

Kong is an important centre for world and regional_f

success, it is

Το maintain its economic

ΤΟ meet

thesa

essential that Hong Kong's port and airport are

of handling capable

the high volumes of traffic which are

forecast to occur in the next decades. requirements the Hong Kong Government produced the Port and Airport Development Strategy, following 17 years of intermittent

study on the airport site in particular. It is a coherent overall plan for Hong Kong's future needs, but its component parts are different in nature and will be financed by different methods. They are therefore described separately below

2.

Airport.

(1)

Need for a new airport

Even with the benefit of the current HK$3.6 billion expansion package, Kai Tak airport will reach saturation point somewhere between 1994 and 1996. Consultants have estimated that if no

new airport were built and Kai Tak were saturated hetween 1906

and 2010, Hong Kong

business potentially worth

ЯК$101 billion (at $1989 prices). This would severely damage Hong Kong's economy, and its competitive position in the region.

would lose

(ii)

Site for a new airport

Since 1973 when our studies began every possible site for a

replacement airport has been examined. About 30 sites have heen looked at in various degrees of detail. The more serious

alternatives to Chek Lap Kok.

primarily sites in the Western

Harbour and Deep Bay, have been examined at length. But al} the alternatives were found to be less attractive than Chek Lap Kok.

(iii)

Cost and Financing of the new airport

estimate of the

The rough

cost of the airport as provided by

consultants in 1989 prices is mazalion This order of costs

ଆ