XN000022-1992-07-08 — Page 7

کیا

WEDNESDAY, JULY 8, 1992

ACP ESTIMATES EXPLAINED

*

THE ESTIMATED

COST OF THE

EXPRESSED IN MONEY OF THE DAY (MOD) IS $112,220 MILLION AT MARCH 1991 PRICES.

AIRPORT CORE PROGRAMME (ACP) $163,730 MILLION AS AGAINST

FOR THE TREASURY,

MR K.Y.

THIS WAS STATED BY THE SECRETARY YEUNG, IN A WRITTEN REPLY TO A QUESTION BY THE HON SAMUEL WONG, IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).

MR YEUNG SAID THE ESTIMATE AT MARCH 1991 PRICES AND THAT IN MOD APPLIED TO THE SAME SCOPE OF WORKS UNDER THE ACP AS WAS ANNOUNCED ON APRIL 2 THIS YEAR.

HE SAID EXPRESSING PROJECT ESTIMATES IN CONSTANT MARCH 1991 PRICES ENABLED REAL INCREASES IN COST TO BE READILY IDENTIFIED.

EXPRESSING PROJECT ESTIMATES IN MOD, ON THE

AN IDEA AS TO THEIR LIKELY OUTTURN, MR YEUNG SAID.

OTHER HAND,

GAVE

HE POINTED OUT THAT THE BASIS UPON WHICH MOD ESTIMATES FOR GOVERNMENT ACP PROJECTS WAS CALCULATED WAS EXPLAINED IN AN INFORMATION NOTE ENTITLED "GOVERNMENT EXPENDITURE ON THE AIRPORT CORE PROGRAMME: ADJUSTMENT FROM 1991 DOLLARS TO MONEY OF THE DAY" WHICH WAS ISSUED ON JUNE 3 THIS YEAR.

THE MOD EQUIVALENTS FOR THE OTHER ACP PROJECTS WERE RELEASED TO THE PUBLIC ON JUNE 12, HE ADDED.

A BREAKDOWN OF THE ACP ESTIMATED COST IS AS FOLLOWS:

ESTIMATE

ESTIMATE

PROJECT

AT MARCH 1991 PRICES

AT MOD PRICES

$ MILLION

$ MILLION

CHER LAP KOK AIRPORT

46,300

68,500

NORTH LANTAU EXPRESSWAY

5,790

8,102

TUNG CHUNG DEVELOPMENT PHASE I

2,210

3,027

LANTAU FIXED CROSSING

11,960

17,155

ROUTE 3 (PART)

6,050

8,918

WEST KOWLOON RECLAMATION

10,010

12,587

WEST KOWLOON EXPRESSWAY

2,230

3,383

WESTERN HARBOUR CROSSING

4.150

6,500