26
(b)
(၁)
LC :
two options have been provided in respect of either redevelopment on the existing campus at a cost of $215m, or the provision of a new
campus on an alternative site at a cost of $256m (both at December 1989 prices);
the estimates at (a) and (b) together exceed the reserved sum mentioned in paragraph 32 above by $309m or $350m, depending on whether or not LC is relocated;
(a)
(e)
on the other hand, savings are likely to be achieved on the expenditure to be incurred by the a result of the decision to transfer from the Polytechnics 25% of
of their sub-degree work (cf 35% as envisaged in the ExCo scenario); and
VTC as
if LC were relocated it is possible that further
revenue would accrue to the Government from the sale of the site of the College's existing campus.
37.
The institutions' estimates quoted in Annex R have yet to be considered by the UPGC. This action will be taken in due course in connection with
in connection with the institutions' capital programmes. On receipt of formal proposals, the Committee will endeavour to identify areas for possible reductions. At the same time, as stated in paragraph 26 above, members will be reviewing the space norms and minimum utilisation requirements.
38.
It should be noted that both the ExCo scenario and the UPGC's plan assume that the existing non-university will continue to apply to the Polytechnics,
space norms