MUAPOI I BON CUND

Division of contr cts cour try by country in dollar turns

Insurance

Cost

IQDI. IND I IIAL SYUTIN

Hong Kong

30%

Jepan

29%

United Kingdon

25%

Germany

6%

France

Sweden:

3:3

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TURN

DESJON

Japan

5081

Prancu

19%

United Kingdom

19

Hong Kong

4%

West Germany

2:6

V.b.l.

2

}

The Corporation has entered into a Third-rty Libility Insurance Policy which provid

nsurance

cover for th. entire period of

construction for all sums the Corporation or its contractors shell buc. ne 1.gally liable

(1) death or bodily injury suffered

by any person, and

(2) for loss of or dem ge to property

The ceiling estimate for building the Modified Initial System is JK 5,800m including celation up to 1900.

This estimate was given to the Hong Kong Covernment in January 1975, several months before tenders were received. It allowed for 7% per annum escalation to 1980, the year of completion, but did not include financing charges and interest.

The estimate comprised approximately HK$5,000m for contract costs and HK$800m for Corporation costs including consultants' fees, land acquistion, compensation etc.

The ceiling estimate for building the Tsuen an Extension is HK. 4,100m including usc.lation up to 1982 but excluding fincing chrys and interest during instruction.

The estimate comprised approximately HK$3,400m for contract costs and

HK$700m for corporation. casts including consultants' foes, land acquisition, compensation etc.

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