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Opinion: How Hong Kong government’s poor maths sank Kai Tak Cruise Terminal

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Seven years ago, way back in May 2010, the South China Morning Post published an analysis of the Hong Kong government’s claims for its planned cruise ship terminal on the site of the old airport at Kai Tak. At a budgeted cost of HK$8.156 billion, the government claimed that when up and running, the terminal would generate economic benefits for Hong Kong of between HK$1.5 billion and HK$2.6 billion a year.
The Post’s analysis argued that the projected benefits were grossly over-…

Tom Holland

The author Tom Holland

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