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Wednesday, February 28, 1973
Of this commitment, $1,050 million was required for expenditure
during the year.
The largest increase in absolute terms was in waterworks items as
a result of delayed payments on the High Island Water Scheme and expenditure
on the single-purpose desalter.
In relative terms, the greatest increase was in Public Works
Non-Recurrent Headquarters.
This was largely due to greater expenditure on compensation for
surrenders and resumptions of land in connection with the Mass Transit
Railway and the urban renewal and improvement schemes.
The Financial Secretary said the outstanding balance on other capital
expenditure at April 1, 1973 was likely to be $668 million.
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