TNAG-2143-FCO40-3062-Hong-Kong-Port-and-Airport-Development-Strategy-(PADS)-1990 — Page 107

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(ii) Even the Kai Tak Consultants' estimate of HK$ 101

billion could be much on the low side. This is

because

only covered

the

their estimate has

economic losses arising from foregone forwarders,

travel by air visitors from

foregone

on-airport activities

abroad,

(e.g.

and from

airlines,

various

activities

airport

(e.g.

services) and off-airport

forwarders, travel agents,

hotels, restaurants,

the

quantifiable

shopping). These refer to

economic

losses

only.

(Likewise, the PADS

Consultants' estimates are

confined to quantifiable economic losses.)

Apart from these tangible losses, there are also

wider,

unquantifiable

from

lost

business

economic losses arising

opportunities

in

the

manufacturing, trading and service sectors

and

from the

damage

to

Hong Kong's

and

generally

image

as

an

financial centre.

commercial international

This could stem from the

highly undesirable situation where air passenger

and

cargo

movements

are being

increasingly

the lack

of

These intangible

inconvenienced or deterred by

additional airport capacity.

economic disbenefits could be very substantial,

and

this

was

also

recognised by

the

PADS

Consultants.

Thus

the overall economic

disbenefits could be well in excess of HK$101

billion.