7 COMPARISON BETWEEN THE TWO OPTIONS Figure 7.9 Option 2 – Annual Capital Expenditure HK$ BILLION 167 in HK$ billion 14 12 10 8 6 4 2 0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 contribution to Hong Kong’s GDP by 3-runway system HK$136.2 Billion Total Capital Expenditure Cashflow Analysis – Option 2 Under Option 2, capital expenditure to be incurred would amount to HK$86.2 billion (in 2010 dollars) or HK$136.2 billion at MOD prices between 2013 and 2030. The annual cash outflow of the capital expenditure is shown in Figure 7.9. As described on page 46, our net cashflow generated from our operations represents our profits, plus depreciation charges and changes in working capital less capital expenditure on committed capital projects and dividends to our shareholder. On the assumptions 48