Originally Posted by
percysmith
Government pays in first instance then tries to recover building cost via landing fees.
well Percy look at reality : it means WE the HK taxpayers pay and CX gets richer
http://www.hongkongairport.com/eng/p...Statements.pdf
http://www.legco.gov.hk/yr04-05/engl...cb1-1591-e.pdf
the cost for the 3rd runway and terminal is estimated at HK$ 136.2 billion at projected future construction cost.
The HK airport total profit in the past year was HK$ 4.038 billion.
Perhaps a Flyertalk accountant can work out how long it would take the airport to repay the capital sum given depreciation / projected landing charge increase etc ?
A simplistic calculation would be 136 / 4 = 34 years by which time of course they would be out of capacity and would already need the 4th runway and by then Bao’An will probably have 6 runways and the SAR , given the completion date years hence +34 will be past its 2047 Mainland reunification date .
only FS John Tsang would rate that a good deal but he screwed up everything else already on his decision changing U turn Budget.