It cost HK$8.2 billion to build yet is under-used. Photo: Dickson Lee

Kai Tak Cruise Terminal is a stellar example of government misallocation

Regina Ip says that although the Hong Kong government insists it prefers to let the market allocate resources, the disaster of the Kai Tak Cruise Terminal bears witness otherwise

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It cost HK$8.2 billion to build yet is under-used. Photo: Dickson Lee
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