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FRIDAY, JULY 19, 1991
TOTAL COST OF AIRPORT CORE PROJECTS ESTIMATED AT $99.6 BILLION
* * * *
THE TOTAL COST OF THE AIRPORT CORE PROJECTS (ACP) IS ESTIMATED AND THE GOVERNMENT'S $98.6 BILLION AT TO BE
MARCH 1991 PRICES
DOWN WHILE MAXIMISING FINANCING STRATEGY AIMS TO KEEP OVERALL COSTS PRIVATE SECTOR PARTICIPATION.
PRESENTED
TODAY THIS WAS LAID OUT IN A PAPER MEETING OF THE LEGISLATIVE COUNCIL'S FINANCE COMMITTEE.
(FRIDAY) TO
A
THE PAPER GAVE A GRAND TOTAL OF $98.6 BILLION IN MARCH 1991 THE COST OF THE PROJECTS, THE BREAKDOWN OF COSTS SHOWS THAT:
AS
THE WEST KOWLOON RECLAMATION WILL COST BY THE CAPITAL WORKS RESERVE FUND.
6$
BILLION,
FUNDED
t
THE WEST KOWLOON EXPRESSWAY WILL COST $1.7 BY THE CAPITAL WORKS RESERVE FUND.
BILLION,
FUNDED
THE WESTERN HARBOUR CROSSING WILL COST $3.9 BILLION, BY THE PRIVATE SECTOR.
FUNDED
PART OF ROUTE THREE WILL COST $5.6 BILLION, CAPITAL WORKS RESERVE FUND.
FUNDED BY THE
*
OF
WILL COST $43.6 BILLION, THE NEW AIRPORT AT CHEK LAP KOK MADE UP OF $3.1 BILLION FROM THE CAPITAL WORKS RESERVE FUND,
EQUITY, $16.5 BILLION $13.8 BILLION OF GOVERNMENT BORROWING BY THE AIRPORT AUTHORITY, EXCLUDING FINANCING INTEREST CHARGES, AND $10.2 BILLION OF PRIVATE INVESTMENT.
*
THE FIRST PHASE OF THE
*
TUNG
DEVELOPMENT CHUNG
AND
WILL COST
$2.6 BILLION, FUNDED BY THE CAPITAL WORKS RESERVE FUND.
THE NORTH LANTAU EXPRESSWAY WILL COST $4.3 BY THE CAPITAL WORKS RESERVE FUND.
BILLION, FUNDED
THE LANTAU FIXED CROSSING WILL COST
$12.1 BILLION, FUNDED
BY THE CAPITAL WORKS RESERVE FUND.
真
UTILITIES WILL COST $1.5
WORKS RESERVE FUND.
BILLION,
BY FUNDED
THE
CAPITAL
THESE FIGURES GIVE TOTALS OF $39.9 BILLION TO BE FUNDED BY CAPITAL WORKS RESERVE FUND AND $13.8 BILLION OF GOVERNMENT EQUITY. CAP
THE
WHEN AIRPORT AUTHORITY
THE WESTERN HARBOUR IN
NEW THE
AIRPORT
THE $16.5 BILLION OF BORROWING BY THE ADDED TO THE $3.9 BILLION PRIVATE INVESTMENT IN CROSSING AND $10.2 BILLION
PRIVATE
INVESTMENT
GIVES A TOTAL PRIVATE INVESTMENT OF $30.6 BILLION.
IN ADDITION
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