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Financial provisions for three NT hospitals
Following is a question by the Hon Christine Loh and a written reply by the Secretary for Health and Welfare, Mrs Katherine Fok, in the Legislative Council today (Wednesday):
Question:
Does the Government know of the respective total financial provisions earmarked for the setting up of the three new hospitals in the New Territories, viz. Tai Po Nethersole Hospital, North District Hospital and Tseung Kwan O Hospital?
Reply:
Details regarding the total financial provisions earmarked for the construction, including furniture and equipment, of the three hospitals as provided to the Finance Committee are as follows -
Projects
Tai Po Nethersole Hospital
North District Hospital
Tseung Kwan O Hospital
Capital and Recurrent Costs
Total Capital expenditure of $680 million was approved by Finance Committee on 10.2.1988 with the recurrent cost estimated to be $158 million at 1987/88 price level. The approved project estimate was later revised to $1,038.7 million on 16.4.1993.
Total capital expenditure of $1,690.35 million in money-of-the-day prices* was approved by Finance Committee on 19.11.1993 with the recurrent cost estimated to be $560 million at 1993/94 price level. Total capital expenditure of $2,047.29 million in money-of-the-day prices* was approved by Finance Committee on 21.7.1995 with the recurrent cost estimated to be $540 million at 1995/96 price level.
* Money-of-the-day prices show the estimated cost of a project after allowing for
forecast inflationary increases during the construction period.
End