CONFIDENTIAL
XCC (85)17
Page
7
these works.
to Area 18 in
$2.5
19
in
in
could probably be reduced to about $167 million partly through re-design of the system and partly, through the recent general decrease in civil engineering costs which more than counter an increase in
the estimate For the diversion of utilities. Public Works Programme item 190 CL was recently upgraded to Category AB to provide for
Expenditure anticipated to be $36 million in 1985/86, $83.3 million 1986/87,
in $45.2 million 1987/88 and
million 1988/89. Specifically in connection with the depot, which has recently been relocated
Tuen Mun, it will be necessary to advance the construction of some engineering works planned as part of Category AR item 155 CL, Tuen Mun New Town Engineering Development; Stege 113, Package 21 Phase II. total cost of the works is estimated at $21.5 million, phased as follows : $5 million in 1985/86, $8.4 million in 1986/87 and $8.1 million in 1987/88. Consideration i.s being given
to the KCRC to meet the construction entrusting these works programme for the depot. In addition to the above, PWP Item 10 CG was upgraded to Category A in October 1982 with provision of $7.6 million for the investigation and design of the project,. which is on-going. The scope of this item will require to be
fees consultancy
for the detailed expanded to investigation of the integration of road and light rail signal control systems.
21
cover
The
to
and
be The KCRC will
responsible for construction provision of the track, power supply, stopping places (including shelters), depot, rolling stock and operation of the system. The Corporation will also bear the cost of LRT signal control and, at road/LRT junctions, a share of the cost of road traffic signal facilities, for which Government's share has not the current been specified. The Corporation has capital costa of the full system at $1.7 billion. currently under tender is estimated at $1 billion.
Financing
22
estimated
Stage I
An understanding has been
been reached between Government and the KCRC that Government's loan to the
the Corporation of $1 billion would be subordinated to the Corporation's need raise $1.5 billion to fund the LRT project.
postponing
the
effect of Corporation's debt will start.
Technical guidelines
date
which at
to This will have the the of repayment
KCRC inherited a framework of planning guidelines from
23
the earlier
with negotiations.
the.
Wharf
guidelines,
which
set out construction
Company.
dimensions,
These technical
requirements for the rolling stock, and operational matters,
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