TNAG-2145-FCO40-3064-Hong-Kong-Port-and-Airport-Development-Strategy-(PADS)-1990 — Page 57

23-NOV-1990 13:04

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P.03

2

7.

to

Expenditure on PADS is investment, not disposal; airport and related facilities, new land, etc. will bring in much more than their cost Government/taxpayer alone, plus knock-on benefits throughout the economy. related to business tourism - already Asia's favourite destination.

8.

as well

as

Hong Kong financially much stronger than most countries; prudent recent management already nearly quadrupled reserves (including Land Fund) in 5 financial years; by 1997-8 these should be higher, plus major additional revenue from PADS.

y.

PADS irrelevant to need for civil service growth restraint it was recurrent expenditure that was in danger of outpacing economic growth; nor will capital programme be much distorted non-PADS expenditure more than PADS expenditure even in peak mid-90's: despite lower growth Hong Kong can still fortunately afford major

at improvements

infrastructure

4

and other

time, before, through after '97.

same

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*

*

X

*X

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