TNAG-0424-FCO40-470-Construction-of-an-underground-railway-system-in-Hong-Kong-1973 — Page 252

0003160 G.F. 316

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(b)

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information on soil conditions would be made available by the Consulting Engineers progressively as it is ready;

(c) other basic data and design parameters for civil works

and performance specifications for E & M supplies would also be made available progressively; and

(d) negotiations on the contract would be completed by the

end of March 1974.

Part II

day

Explanatory Notes on the

Cash Flow Table in Part III

The cash-flow table in Part III of this Annex has been drawn up on the basis of Intermetro's proposals and of certain assumptions made by the Mass Transit Steering Group.

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Intermetro's price estimates (see paragraph 5 above) have been adjusted as follows to bring them roughly in line with the coverage of the prices indicated by the other three consortia:

Original estimates provided by

Intermetro

Add costs of:

HK$ mn

2,573

Chater Station and line between

Chater and Admiralty

139

Cooling water supply and disposal

for station air-conditioning

25

Supply of aluminium (as opposed to

steel) rolling stock

21

Temporary decking (additional provision)

12

Preliminary expenses: training

14

Miscellaneous items

15

226

2,799

Add contingencies (15% for civil works

and 7.5% for E & M)

Less original provision made by Intermtro

for management fees

Add:

Exchange rate adjustments (cf.

312

3,111

191

2,920

paragraph 5 above and paragraph 20 below)

40

Provision for unforeseen circumstances

500

Management fees (adjusted in relation

to the higher contract price)

296

Cost escalation from mid-1972 to date of completion of construction (at 8% p.a.)

1,325

2,162

Assumed contract price

5,082

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