TNAG-2146-FCO40-3065-Hong-Kong-Port-and-Airport-Development-Strategy-(PADS)-1990 — Page 103

CONFIDENTIAL

AIRPORT AND RELATED PROJECTS

TUNG CHUNG DEVELOPMENT -

WB ICWOON RECLAMATION

$9.5(12%)

UTILITIS&CTHER MISC.

+20 (2%)

PHASE I $3.0 (4%)

North Lantau Expressway ($5.0)

Lantau Fixed Crossing Bridges ($7.0

HIGHWAYS & BRIDGES $ 26.5 (34%)

Lantau Fixed Crossing - Rail reserve & Route 3

Interchange ($3.0)

Route 3 - Kwai Chung & Tsing Yi Sections ($5.0)

West Kowloon Expressway

Western Harbour Crossing ($40

NOTE:

1. Some of these projects (lor example, the West Kowloon Reclamalion and expressway,and the Western Harbour Crossing) are required even without ar airport, and some are expected to be financed wholly (Westem Harbour Crossing) or partly (Chek Lap Kok Airport) by the private sector.

2. This expenditure should be seen in perspective, against the fiscal reserves of $72.5 billion and the increasing Lanc Fund, and against the considerable revenue arising from these projects, including potential revenue of nearly $40 billion from land sales.

CHEK LAP KOK AIRPORT $38.0 (48%)

ESTIMATED ORDER OF COSTS UP TO 1997

(IN HK$ BILLIONS IN 1990 PRICES)

CONFIDENTIAL

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