R
Capital Costings
25
35.
The ExCo scenario was
was supported by broad brush estimates of the capital costs of providing the additional student numbers, over and above the previously approved targets, as follows :-
(a) CUHK on the assumption that the University would grow from 10,000 fte to 12,000 fte a requirement for $320m (at December 1989 prices) was projected;
and
(b) LC
-
it was estimated that
that to redevelop the College on its existing site would cost $192m (at December 1989 prices).
On this basis, a total sum of $512m (at December 1989 prices) has been reserved for the UPGC, to be spread over the period 1991-95. At the same time, a sum of $1,547m has similarly been reserved for additional buildings for the
for
VTC, as a result of the proposed transfer of sub-degree courses from the Polytechnics. The VTC's estimates were,
of course, based on the assumption that the level provision of degree work at the Polytechnics would increase
to 75%.
of
36.
Annex R sets out the institutions' estimates of
the additional capital costs on the basis of the UPGC's recommended plan and compares these with the ExCo figures. The position may be summarised as follows :-
(a) the UPGC's plan envisages that HKU and CUHK will
each expand by 1,500 fte (11,500 fte c f
10,000 fte). The total estimated cost of providing accommodation for
for the additional
3,000 fte is $606m (at December 1989 prices);