CONFIDENTIAL

機密

LATEST ASSESSMENT OF ACP COST ESTIMATES

3.

In July 1991, we informed the Finance Committee that the total cost of the

ACP was estimated at $98.6 billion at March 1991 prices. The cost to Government was

estimated at $59.3 billion, made up of $41.7 billion for capital expenditure under the Public

Works Programme and $17.6 billion for paid up equity to the PAA/AA (Airport Authority)

($13.8 billion) and the MTRC ($3.8 billion). It was noted in that Information Paper that an

overall ACP contingency would be necessary, but it had not yet been precisely estimated then.

4.

shows-

A comparison between the July 1991 estimates and the revised estimates

(a)

The overall cost of the ACP has increased from the July 1991 estimate of

$98.6 billion to $112.2 billion.

(b)

The cost to Government in the form of capital expenditure and equity

investment remains at $59.3 billion.

CONFIDENTIAL

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機密

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