13

7.6 This rapid construction programme is indicated by the enclosed bar chart in Figure 1, with Packages 1, 3 and 4

commencing in 1991, and Package 2 in 1997. On the basis of

this programme, the diagram in Figure 2 shows successive stages of development at 1993, 1994 and 1999.

&.

Cost of Development

8.1 (a) For the development shown on the preferred OGP, a

preliminary estimate has been prepared for the costs of reclamation and infrastructure (mid 1988 prices) as

follows : -

8.2

$ billion

Reclamation and Servicing

3-8

Major Roads

4.5

(Trunk Road and Connections)

NIR Link

5.5

14.0

lotal

13.0

(b) An assessment has yet to be made of the costs of land

acquisition. It is not anticipated that there will be

substantial land acquisition for the reclamation works,

but construction of the trunk

road

connections will

involve the resumption of private buildings.

The total ret.Tamation area is approximately 100 ha and the

unit cost of formed and serviced land is therefore about

link and 48 100 per

$13 660 per me including FIR

excluding Fik link, both

acquisition.

Ligures

excluding Land

5. Attachments

Figure 1 Bar Chart Programake

Figure 2 - Staging of Reclamation

Ligure 3

Recommended ODP

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