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sketch plans in order to meet the programme. The total cost, including fees, furniture and equipment would be about $33.4 million at mid-1974 prices.
14.
A major development scheme such as the Polytechnic involves the moving of existing equipment including heavy machinery and the renovation and re-partitioning of buildings that need not be demolished. Funds will be required for these consequential moves and based on a similar exercise in the University of Hong Kong a sum of $4 million should be earmarked for expenses. This sum should be made available with the funds to be voted for Phase II making a total of #37.4 million.
15.
It is essential for the' Polytechnic to have the recommended facilities to meet the student target of 6,000 by post-1976. It is improbable that by 1979 the student capacity could be pushed much beyond 7,000 even if the proportion of space required for workshops
1
and laboratories does not increase or alternatively its utilisation improve. No allowance moreover has been made for investigation and "improvement" research; but once the ultimate student number targets start to come into sight pressures should build up for this to be developed and the demand, should grow. If the 8,000 target for post-1978 is to be maintained it will therefore probably be necessary for a third phase of additional, teaching space to be completed by say mid-1979, i.e. starting in very early 1978 as Phase II is coming to an end. This would mean having a safe capacity target of 8,000 for September 1979, rising probably to over 9,000 as space utilisation is improved. The total cost, including fees, furniture and equipment for the Third Phase would be about $33.5 million at mid-1974 prices..
16.
With improved teaching methods and a strengthened administrative machine this capacity could rise to over 9,000 after 1980 on the programme envisaged. There would still be space available for a Phase IV which would take the ultimate capacity of the site to about 12,000 should this be desired.
17.
My Committee has exercised the utmost control in din planning the development of Phase I of the Polytechnic.
The, close supervision exercised has resulted in considerable savings being achieved and the latest estimates prepared by the Quantity Surveyors show that the approved building to (he costs of $90 million may be reduced to $80 million, a
saving of $10 million or 11.11% of the approved sum. Steps are being taken to see whether further reductions could be made to reduce costs, and initial estimates by the architects indicate that a further $5 million might be possible. The final result may therefore be as low as 75 million for the cost of the building work for Phase I of the Polytechnic at current prices (i.e. late 1974).
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/18. Members