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31.
We have spoken of economic disbenefits.
There are
two kinds of economic disbenefit flowing from not meeting
air transport demand. They are the quantifiable economic
disbenefits arising from trips foregone by visitors and
foregone air cargo movements. Airlines and various airport
services as well as travel agents, hotels, restaurants, and
shopping businesses will
will be directly affected. In
addition, there are also the wider unquantifiable economic
disbenefits arising from lost business opportunities in the
manufacturing, trading and service sectors generally, and
from the damage to Hong Kong's image ag an international
commercial and financial centre. Unless we take action,
these intangible economic disbenefits could be
substantial. Elsewhere in the world, investments in
physical infrastructure generate substantial
opportunities. Translated into financial terms, the
benefits flowing to the community would far exceed the cost
of the new airport project.
new business
32.
Sir, we remain convinced that it is in our longer
term interest to make this investment. Indeed, I am
convinced that this investment is essential for generating
the wealth which is necessary to meet the hopes and
aspirations of our community.
33.
Sir, with these remarks, I support the Motion.
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(ASNOH INO9) 3OI:HO SWWOO 95:02 TE-OT-066T
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