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49.
After the completion of the project and the repayment of initial project debt i.e. by about 2005 in the 'base case', the Government of the Special Administrative Region can look forward to a steady return on its investment in terms of dividend payments by the AA. In the "base case" scenario, the Government of the SAR is expected to receive about $56 billion in dividend at money of the day prices by 2010. Over the following ten years, up to 2020, further dividends totalling about $140 billion are expected. But much more than that, the Special Administrative Region will have a facility which will be crucial to facilitating the future economic growth of Hong Kong. The economic disbenefits of failing to have completed a new airport have been estimated to run into hundreds of billions of dollars. The level of Government funding support required for this project as set out in this paper should also be seen in this context to appreciate the full cost-effectiveness of this approach in terms of the wider
to Hong Kong's economy as a whole.
benefits
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