JVERMENT HOUSE HUNG KUMTO0.
Capital Cost
10.
חשוד
1
50
In
July
1991,
the
Government announced that the
estimated cost of the airport project was $43.6 billion (at
March
prices). 1991
This figure
consisted
Of a total
capital cost of $44.8 billion minus $1.2 billion of property revenues expected by the AA prior to the opening
development
of the airport.
In July 1991, when this cost was estimated,
fundamental planning and engineering decisions had yet to be
taken.
The Master
which on Plan,
the Chinese side has
already been briefed, has now been completed.
finalized
plan
and
results the
of
now
Based on the
completed
site
A
investigation studies, the current estimate of capital cost has been refined to $46.3 billion (at March 1991 prices). breakdown of this cost and a comparison with the cost
announced in July 1991 are at Annex A.
11.
The
allocation
of
capital
costs between the AA,
Government
and
the
private
sector
reflects the PAA'S
all major support
(e.g.
air cargo,
aircraft
fuelling
and
aircraft
catering
business strategy of privatizing
facilities at the airport
maintenance, aircraft
facilities).
to retain
It also takes amount of Government's decision
responsibility
airport (e.g.
for a range of functions at the
air traffic control, air mail centre, police