TNAG-2143-FCO40-3062-Hong-Kong-Port-and-Airport-Development-Strategy-(PADS)-1990 — Page 88

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P.04

could be

re-deployed

that thic

the

value

to

other occupations, and

re-deployment could still yield 80% of

added which would otherwise have been

obtained from the airport-associated employment.

Mainly on thic basis, the PADS Consultants

economic disbenefito of not

reckoned that

the

having 2 new airport

would be reduced to HK$68

billion.

(a)

In

addition

رم اباد

further assumed

(b)

above, the PADS Consultants

that

high airport charges and

restraints could be put in

possibly other tight

place to scale down the level of air traffic

closer to the capacity of the existing airport at

Kai Tak.

This reduced the economic disbenefits

further to only HK$11 billion.

4.

We

are less optimistic than the PADS Consultants on the

extent of adjustment that is possible under cases (b)

We believe that their alternativo estimates

and (c).

મ' (b) and (c) are

reasons:

conservative,

for the following

( )

The assumption

adopted by

the PADS Consultants

concerning the

application of price

mechanism

(i.c. airport

charges

and air fares) to ration