PROFILE
How will Hong Kong and the region benefit from this project ? HKIA supports the development of Hong Kong ’ s four economic pillars - financial services , trading and logistics , tourism and producer and professional services , which together accounted for approximately 58 percent of Hong Kong ’ s GDP in 2014 . HKIA also has helped attract over 7,500 multinational corporations to set up regional headquarters and offices in Hong Kong .
The launch of the 3RS project will solidify Hong Kong ’ s status as international and regional aviation hub , as well as enhancing the regional trading , logistics , professional service activities and tourism .
The 3RS project will also spur local economic development and employment . The project is estimated to contribute overall HK $ 184 billion to Hong Kong ’ s GDP in 2030 , equivalent to around five percent of GDP . Upon its commission in 2030 , 3RS is expected to bring 123,000 direct jobs .
What size workforce is required to carry out the work ? The beginning phase of 3RS reclamation mostly involves capital intensive activities , and has a smaller demand for manpower .
During the construction phase of 3RS , it is estimated that employment created will amount to around 139,000 man-years of job . AA estimated the construction peak to occur in 2022-2023 , which around 10,000-13,000 workers will be working on site at the same time .
AA will stay in close communications with the Government and industry stakeholders , and closely monitor the construction manpower supply and demand .
How much will the project cost to undertake ? The total estimated construction cost is HK $ 141.5 billion at moneyof-the- day prices . Investment of up to HK $ 22 billion , amounting to 15.5 percent of overall construction cost will be used for green design and construction methods . For example , non-dredged methods including deep cement mixing will be adopted for land formation and horizontal directional drilling will be employed for aviation fuel pipeline diversion , while the 3RS buildings will incorporate a range of green and
10 December 2016