(11)
U. i
Even the Kal Tak Consultants' estimate of HK$ 101
could be much on the low side. This is
billion
because
their estimate has only covered the
economic losses arising from foregone forwarders,
travel by air visitors from abroad, and from
on-airport activities (e.g. airlines,
foregone
various
airport
services) and off-airport
activities
(e.g.
forwarders,
travel agento,
hotels, restaurants,
shopping).
These refer Lo
the
quantifiable
economic
losses
only.
(Likewise, the PADS
Consultants' estimates are
confined to quantifiable economic losses.)
Apart from these tangible losses, There are Jiso
wider, unquantifiable
from
Lost business
economic losses arising
opportunities
10
the
service
sectors
manufacturing, trading and
generally and from the damage to Hong Kong's
image as
an
international
commercial and
financial centre.
This could stem from the
highly undesirable situation where air passenger
and Cargo
movements
are being increasingly
inconvenienced or deterred by CAN lack ot
additional airport capacity.
These intangible
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.
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