P.M. BRIEFING : Hong Kong Details Airport Cost

From Times Wire Services

The colony’s proposed new airport will cost $10.2 billion (HK$79 billion) at 1990 prices, excluding a planned new port, the government said today as it released detailed estimates of the project’s costs for the first time.

The airport, the most ambitious civil engineering project ever undertaken by Hong Kong, will be built on reclaimed land off northern Lantau Island and will be linked by road and rail to other parts of Hong Kong.

Secretary to the Treasury Hamish MacLeod said the actual airport at Chek Lap Kok would cost $4.9 billion, with the new complex’s road and transport infrastructure costing another $5.3 billion. When the plan was first announced in October last year, the government estimated the whole project, including new port facilities, at $16.4 billion at 1988 prices.