Assumptions

|

2 -

(1) This figure will reach $25 billion if it grows at

8.5% pa.

(2) $5 billion at 1997 prices discounted to present.

values.

(3) $15 billion at 1996-97 prices

discounted to

present values.

A very conservative estimate,

given that the cost of the project at 1991 prices

is $12 billion.

2.

$19.8

The question that arises is whether a cushion of

billion at 1991 prices would be sufficient to meet all

believe that it would.

unforeseen

contingencies.

We

Assuming

Government funding of

Central and

Western Reclamation

(All figures in $ billion

at 1991 prices)

1.8

Government equity ·

injection in MTRC for

the Airport Railway

3.0

4.8

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