CC(87)64
CONFIDENTIAL
FINANCIAL AND STAFFING IMPLICATIONS
Page
7
As a Private Sector Venture
26
If this Project proceeds as a Private Sector venture the following costs to Government are estimated:
Land Resumption Clearance
Rehousing:
(a) Public Housing
(b) Temporary Housing
SAI
$
220 m. 30 m.
135 m. 41 m
Total:
$426 m.
27
(Note: Excluding $225m for the construction of the Prince Edward Road Interchange.)
Under the conditions of franchise the Director of Highways would form a Co-ordination Group to control and monitor the design, construction and programming of the tunnel and interchanges. This would require the services of a team, including a Chief Engineer, Senior Engineer and Engineer. Supernumerary posts for this team would have to be Created during May 1987, so that the team is in place before enquiries began to be received from interested consortia.
As a public works project
28
If this Project proceeds through Programme the following costs are estimated: -
the Public Works
Capital Costs
Land Resumption/Clearance Rehousing:
(a) Public Housing
(b) Temporary Housing
$
1,460 m. 250 m.
135 m. 41 m
Total: 1,886 m.
(Note: Excluding $225m for the construction
of
the
Prince
Interchange.)
Edward
CONFIDENTIAL
Road
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