GF 323
5.
སྤྲུལ་
機密
CONFIDENTIAL #
The revised ACP project costs and the apportionment between Government and
the private sector are as follows -
(All figures in $million at March 1991 prices)
Government
Private Sector
Project
Capital expendi-
Other
Private
Total
Equity
sources of
invest-
ture
funding to
ment
AA/
(1)
(2)
(3)
MTRC
(5)
(6)
(4)*
Chek Lap Kok Airport
3,100
13,600 20,100
9,500
46,300
North Lantau Expressway
5,790
5,790
Tung Chung Phase 1
2,210
2,210
Lantau Fixed Crossing
11,960
11,960
Route 3
6,050
6,050
West Kowloon Reclamation
10,010
10,010
West Kowloon Expressway
2,230
2,230
Western Harbour Crossing
4,150
4,150
Airport Railway
3,000
19,160
22,160
Central & Wanchai Reclamation
1,900
1,900
Utilities & Others
2,360
2,360
Sub-total
45,610
16,600
39,260
13,650 115,120
Figures in column (2) above include some costs attributable to the Airport Railway (e.g. the railway envelope in the Lantau Fixed Crossing). These will be reimbursed to Government by the MTRC. If the estimated cost of such railway works is deducted, the total cost becomes -
Airport Railway costs
Total
(2,900)
42,710
16,600
39,260
(2,900)
13,650
112,220
Note: Column (4) represents the balancing figures between the total project costs in column (6) and sources of funding in columns (2), (3) and (5). It includes mainly borrowing as well as other sources of funds such as revenue from land development and deferred dividend (in the case of the MTRC), but excludes financing costs and interest.
In addition, as noted in July 1991, an overall ACP contingency should be allowed for
variations in scope and acceleration of Government-funded works that may become necessary
CONFIDENTIAL #2
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