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Annex C cont'd

Study by :

Consultants under the direction of the DCA, and in co-ordination with the North Lantau Development Steering Group and interested Government departments.

Estimated costs (excluding Civil Aviation

Department staff costs)

$25 million, assuming that the work is performed in Hong Kong by overseas consultants, and continues for one to one and a half years, starting early in 1981.

c) Full cash flow analysis of income and expenditure

relevant to the replacement airport

The objective will be to refine the cost estimates prepared by the Consultants-in the light of (i) the finalisation of the detailed plan of the airport, (ii) the definition of the civil engineering reclamation scheme and (iii) the preparation of the preliminary construction specifications,-on a year by year basis, and to expand them to include operating costs. Thereafter to determine what the revenue would be on the basis of the traffic forecasts. The end product would be a report (or reports) evaluating financial feasibility and various funding methods for the replacement airport and providing the basis for an information memorandum for use by the Government and (or) its financial advisers in arranging loan facilities.

Study by :

Consultants, under the direction of the DCA, advised by the Secretary for Monetary Affairs.

Estimated costs (excluding Civil Aviation Department

staff costs)

$750,000, assuming that it is conducted in the last half of 1981.

G.F. 324

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