The capital costs documented in the investment evaluation report were based on those provided in the feasibility study. Figure 3B shows the total estimated project end costs for each option.
Figure 3B Investment evaluation report estimated total project end costs (March 2003)
| Options | |||||
Nominal $M | M5 | W4 | G2 |
| W2 (refurbishment) | |
Royal Women's Hospital works: |
|
|
|
|
| |
Enabling site(a) | 17.58 | 0.00 | 0.00 | 4.47 | 0.00 | |
Shared enabling | 6.73 | 0.00 | 0.00 | 0.00 | 0.00 | |
Central plant and infrastructure | 23.26 | 42.79 | 28.56 | 36.52 | 0.00 | |
RWH building | 63.50 | 70.99 | 73.77 | 71.85 | 169.00 | |
TTR building | 3.01 | 7.27 | 3.05 | 3.05 | 0.00 | |
Net construction cost | 114.08 | 121.05 | 105.38 | 115.89 | 169.00 | |
Contingencies | 12.55 | 19.98 | 11.59 | 12.75 | 0.00 | |
Total construction cost | 126.63 | 141.03 | 116.97 | 128.64 | 169.00 | |
Other project costs(b) | 36.55 | 42.17 | 37.06 | 39.65 | 0.00 | |
Total project cost | 163.18 | 183.20 | 154.03 | 168.29 | 169.00 | |
Escalation factor | 23.11 | 40.48 | 17.82 | 20.76 | 29.00 | |
Total RWH project end cost | 186.29 | 223.68 | 171.85 | 189.05 | 198.00 | |
Associated project costs: |
|
|
|
|
| |
Frances Perry Private Hospital | 23.97 | 0.00 | 23.60 | 23.60 | 0.00 | |
Car park | 27.07 | 3.25 | 27.07 | 27.07 | 0.00 | |
Total project end cost | 237.33 | 226.93 | 222.52 | 239.72 | 198.00 | |
Asset/revenue sources: |
|
|
|
|
| |
Asset disposals (c) | (55.58) | 0.00 | (55.58) | (55.58) | 0.00 | |
Asset acquisitions | 0.00 | 0.00 | 40.00 | 20.00 | 0.00 | |
Net cost to government | 181.75 | 226.93 | 206.94 | 204.14 | 198.00 | |
(a) Enabling works relate mainly to the decanting of the Charles Connibere Building.
(b) Other project costs relate to furniture, fittings and equipment, ICT and management fees.
(c) Asset disposal values were increased to reflect updated valuations in November 2002
Source: Investment evaluation report, March 2003.