CONFIDENTIAL
CONFIDENTIAL
FM HONG KONG
TO IMMEDIATE FCO
TELNO 2272
OF 171212Z JULY 91
INFO IMMEDIATE PEKING, UKREP JLG HONG KONG
076214 MDHIAN 5704
PEKING TELNO 1111: HONG KONG AIRPORT: COSTS.
1. THE CURRENT COSTS OF THE ACP CAN BE COMPARED WITH THOSE WE PUT TO THE CHINESE DURING THE FEBRUARY 1991 EXPERT TALKS AS FOLLOWS:
(A) EXCLUDING CONTINGENCIES, THE COST OF THE ACP (OPTION 1) AS PUT TO THE CHINESE IN FEBRUARY 1991 WAS HKD97 BILLION. THIS FIGURE WAS BASED ON 1990 PRICES. IN MARCH 1991 PRICES, THIS FIGURE BECOMES HKD105.7 BILLION.
(B) THE ORDER OF COST OF THE ACP AS NOW DEFINED (OPTION 4 PLUS AIRPORT RAILWAY AND PART OF THE CENTRAL AND WANCHAI RECLAMATION) AT MARCH 1991 PRICES IS HKD98.6 BILLION.
2. THE TABLE BELOW PROVIDES A MORE DETAILED PROJECT BY PROJECT
COMPARISON
ORDER OF COST PROVIDED TO THE CHINESE (OPTION 1)
BILLION AT
MARCH 1991 PRICES
CURRENT ORDER
OF COST IN HKD
BILLION AT
MARCH 1991 PRICES
PROJECT
HKD BILLION AT HKD
1990 PRICES
CLK AIRPORT
37.8
NORTH LANTAU
5.0
41.2
43.6
5.5
4.3
EXPRESSWAY
W KOWLOON
9.5
10.4
9.0
RECLAMATION
W KOWLOON
2.5
2.7
1.7
EXPRESSWAY
W HARBOUR
4.1
4.5
3.9
CROSSING
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CONFIDENTIAL