TNAG-2413-FCO40-3515-Hong-Kong-Port-and-Airport-Development-Strategy-(PADS)-fina-1992 — Page 118

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

CONFIDENTIAL

機密

LATEST ASSESSMENT OF ACP COST ESTIMATES

3.

In July 1991, we informed the Finance Committee that the total cost of the

ACP was estimated at $98.6 billion at March 1991 prices. The cost to Government was

estimated at $59.3 billion, made up of $41.7 billion for capital expenditure under the Public

Works Programme and $17.6 billion for paid up equity to the PAA/AA (Airport Authority)

($13.8 billion) and the MTRC ($3.8 billion). It was noted in that Information Paper that an

overall ACP contingency would be necessary, but it had not yet been precisely estimated then.

4.

shows-

A comparison between the July 1991 estimates and the revised estimates

(a)

The overall cost of the ACP has increased from the July 1991 estimate of

$98.6 billion to $112.2 billion.

(b)

The cost to Government in the form of capital expenditure and equity

investment remains at $59.3 billion.

CONFIDENTIAL

GF 323

機密

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