00031 G.F. 316
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5
20
The Consortium would be prepared to undertake detailed design work, between now and the date of issue of the Letter of Intent, at their own expense.
Part II
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Explanatory Notes on the Cash Flow Table in Part III
21
The cash-flow table in Part III of this Annex has been drawn up on the basis of the Japanese Consortium's proposals and of certain assumptions made by the Mass Transit Steering Group.
22
The maximum price indicated by the Consortium for Proposal A has been used for the purpose of the cash-flow table. The figure has been adjusted as follows to bring it roughly in line with the coverage of the prices indicated by the other three consortia:
Maximum price indicated by the Consortium
Add costs of:
Chater Station and line between Chater
HK$ mn
5,802
and Admiralty. (figure provided separately by the Consortium)
231
Performance bond
13
Cooling water supply and disposal
for station air-conditioning
31
Contractor's Third Party Liabilities
insurance
15
Miscellaneous items
?
297
6,099
Less cost of Total Train Control system
42
Adjusted maximum price
6,057
23
as follows:
The column headings used in the cash-flow table are explained
(a) the Corporation's own cost consists of:
(i)
land acquisition costs, estimated at $200 mn at mid- 1973 prices, less possible resales of surplus land estimated at $50 mn at mid-1973 prices;
(ii) site investigation costs (including soils investigations and diversions of utility services) estimated at $41 mn;
(iii) Consulting Engineers' fees, estimated on the basis of
their present fees, but adjusted to take account of the Consortium's proposal to take over the detailed design
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