TNAG-2074-FCO40-2953-Expansion-of-higher-education-in-Hong-Kong-1990 — Page 8

The estimated additional capital cost at mid-1990, (Tender Price Index 595) prices for both components of the tertiary expansion programme is $2,071 million comprising

UPGC Recommendations

$million (mid- 1990 prices)

Indicative

options noted by the Council in September 1989 $million (mid- 1990 prices). Original

prices shown in brackets

(a)

UPGC component

-

i)

HKU

346)

(-)

ii) CUHK

iii) LC (in situ

298) 911 267)

340

(310)

204

(186)

redevelopment)

(b)

VTC component

1,160

1,647

(1,500)

Total :

2,071

2,191

(1,996)

Recurrent

17

Based on existing salary scales and on the average unit costs updated to mid-1991 prices (the beginning of the next triennium), the UPGC estimates that additional expenditure required for the expansion programme would amount to $2,341 million over the four years 1991-92 to 1994-95, compared with the figure of $1,748 million indicated to Members last September. However, the latter figure is based on mid-1989 prices. If projected

mid-1991 values it would become $2,236 million.

to

18

The UPGC

estimates

in

mid-1991 prices.

sub-degree places

that the cost of providing 6,750 the polytechnics will be $405 million at In order to take over these sub-degree courses, the VTC will need to upgrade its senior management structure and to improve the basic craft courses decanted from the technical institutes.

It is expected that this can be

achieved by the VTC at a cost lower than $405 million. The regrading of technical paragraph 15, if accepted, $40 million.

institute staff referred to in is estimated to cost an additional