TNAG-2145-FCO40-3064-Hong-Kong-Port-and-Airport-Development-Strategy-(PADS)-1990 — Page 105

12.1.3

14 -

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31.

We have spoken of economic disbenefits.

There are

two kinds of economic disbenefits 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 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 as an international

commercial and

and financial centre. Unless We take action,

these intangible economic disbenefits could be

Elsewhere in the world, investments in

substantial.

new business

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.

wealth which is necessary to meet the hopes

aspirations of our community.

32.

sir, we remain convinced that it is in our longer

term interest. to make this

this investment.

convinced that this investment is essential for generating

the

Indeed, I am

hopes and

33.

Sir, with these remarks, I support the Motion.

TOTAL P.94

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