ECONOMIC ASPECTS. The cost of this STUDY has been initially budgeted at __________EUROS (______€) (STUDY budget, of which 78% will be for the RESEARCH TEAM and 22% of indirect costs for the FOUNDATION. from now on). This cost has been determined by applying a cost of _______ EUROS (____ €) per subject to be evaluated, as established by the Economic Memorandum of the STUDY (Annex 1), which specifies all economic aspects. The study budget includes a unique payment, regardless of the number of patients included in the study, of ZERO EUROS (0 €) for the Pharmacy Service and a unique payment of _________________ EUROS (1500 €) for management of the present contract, according to the established in the Study Budget (Anexo I). The sum to be provided by the SPONSOR during the implementation of the STUDY will be set according to the specifications of Annex 1, and shall be paid to the FOUNDATION as detailed below: ___________________ EUROS (1500€), non refundable, will be paid at contract signature, in the concept of: A unique payment of ZERO EUROS (0 €), regardless of the number of patients included in the study for the Pharmacy Service. A unique payment of ________________ EUROS (1500 €) to the FOUNDATION, in concept of contract management. The remainder of the STUDY budget shall be paid, at least each semester, as detailed in the table of cost per visit and recruited patient, included as Annex 1, until the total cost of the budget is paid off. The SPONSOR and the PRINCIPAL INVESTIGATOR will report to the FOUNDATION on a quarterly basis. These instalments will be considered as partial payments to the account, subject to the liquidation of final total expenses of the STUDY. The final contribution of the SPONSOR for the implementation of the STUDY shall be determined by actual activities implemented while conducting the STUDY (Final cost, from now on). Final cost will be estimated as follows: Within a maximum period of three (3) months, from the completion of the STUDY at the HOSPITAL, the SPONSOR and the PRINCIPAL INVESTIGATOR shall report in writing to the FOUNDATION the total number of (i) recruited and evaluated subjects, (ii) actual number of visits, (iii) resulting incidences, as well as any tests, analysis, examination, consultation, or hospital stay of special nature that might have occurred, whether or not included in the Economic Memorandum (Annex 1). At the briefest possible instance from the time of the communication of the information mentioned in the previous paragraph,...
ECONOMIC ASPECTS. Pre-Feasibility report is attached with the Mining Plan. Mining cost per tonne of limestone works out to Rs. 285 including royalty, depreciation, interest and overheads. Estimated capital expenditure is around Rs. 111.92 Crore of which 67% will be in the form of loan. The capital expenditure includes the estimated expenditure for equipments, Diversion of HT electric line, Diversion of nalla, Road diversion and land acquisition the private land. etc. Discounted Cash flow (DCF) rate of return has been worked out and it is +ve at 10 % to 12%. Internal rate of Return (IRR) works out to 17.754%. (All details are shown in the pre-feasibility reportattached as Annexure 24).
ECONOMIC ASPECTS. 3.2.3.1 Improving image and identity of CBD It is envisaged that the proposed MLP would enhance the image and identity of the CBD. A quality urban environment for business and financial activities can be achieved through enhancing image and functions of the city, which would be needed for further investment attractions for future generations to benefit. The cascading profile of the building clusters from the northern block of the CDA from Site 3 to Site 1 towards the harbour is designed to accentuate the skyline of the high-rise blocks of the CBD. The undulating building height profile in the east-west direction also compliment the established skyline of the CBD.
ECONOMIC ASPECTS. 3.3.3.1 Opportunities for small scale waterfront-related business uses The refined MLP for the NCH development accommodates a significant amount of waterfront related small-scale business activities. At the west side of the waterfront, retail/café/alfresco dining provisions have been planned over the piers. The proposed waterfront promenade has been refined to accommodate small-scale F&B kiosks to create opportunities for waterfront-related business uses. Waterfront-related commercial uses have been planned in the Harbour Place to the north of the City Hall Complex and the Marine Place towards the east end of the NCH. These provisions have been accommodated in buildings with limited height and footprint for small-scale businesses.
ECONOMIC ASPECTS. 3.4.3.1 Business opportunities related to arts, culture and local heritage The refined MLP is enriched with four principal urban design corridors (Statue Square Corridor, Civic Corridor, Pierside Corridor and Arts and Cultural Precinct) and the waterfront promenade. It is anticipated that a large amount of business opportunities related to variety of arts, leisure and entertainment activities, local heritage along with variety of tourist-oriented activities would be created. In the current refined MLP, retail and restaurants provision have also been proposed in addition to the exhibition/ gallery provisions at Site 1 and 2 in order to ensure the sustainability of the NCH be maintained through a diverse spectrum of business opportunities.
ECONOMIC ASPECTS. 3.5.3.1 Enhancing functioning of CBD by improved connectivity Proposals with regard to connectivity and ease of access in the refined MLP are expected to enhance function of the CBD further. It is expected to generate indirect economic impacts through improved connectivity and ease of access. It is anticipated to generate indirect economic impacts by improving transport network (overall accessibility) due to CWB, Road P2 and proposed MTR connection which will alleviate traffic allowing speedier and more efficient transport which in turn improves the travel speed. Major traffic problems in the Central area which would directly affect road based public transport reliability and attractiveness will be improved through CWB link. This will assist public transport by reducing at grade traffic demand, enabling public transport services to operate to their designated timetable. Such reliability is essential to ensure that passengers continue to use the services. Through efficient and sensitive transport-land use planning, the refined MLP is expected to contribute to the sustainability guiding principle of promoting a safe, accessible and efficient transport network of Hong Kong.
ECONOMIC ASPECTS. 3.6.3.1 Quality urban environment for the business and financial district A quality urban environment for business and financial activities can be achieved through enhancing image and functions of the city. Proposed developments in the NCH would promise such a quality urban environment. In an attempt to create a more vibrant atmosphere, in the refined MLP, buildings with a mix of hotel, commercial, culture, recreational and other social oriented activities are proposed. The proposed urban open spaces not only benefit the densely developed CBD; the forms and relationships between these urban open spaces with extensive landscaping of the open spaces contribute to establishing a unique and distinct sense of identity for the Study Area. The creation of a recognizable place identity not only increases civic consciousness, but also attracts businesses and flow of financial investments interests to the area.
ECONOMIC ASPECTS. The cost of carrying out the study in the Centre has been initially quoted as Euros (indicate total amount in numbers). As compensation for completing the study, the sponsor will pay the amount arising from conducting the trial plus that corresponding to indirect taxes, in accordance with the breakdown that is detailed below and the details of which appear in the economic report, and to the breakdown of visits and possible complements that are attached to this contract as annexes 1 and 2 respectively (for non-PAS studies only annex 1 should be completed), and that form an integral part of it:
ECONOMIC ASPECTS. The amount of this TRIAL has initially been budgeted at ………………………………..…EUROS excluding VAT (€…………………) (hereinafter, TRIAL BUDGET). This amount has been determined by applying the cost of…………………….……..EUROS (€………………………) per evaluable patients, as set out in the Economic Report of the TRIAL (APPENDIX I), which specifies all economic aspects of the same. Under no circumstances does this amount include an obligation or inducement to the HOSPITAL, the FIBHULP and/or PRINCIPAL INVESTIGATOR to recommend, prescribe, purchase, use or arrange the use of any product of the SPONSOR. The amount to be paid by the SPONSOR/CRO during the performance of the TRIAL will be established in accordance with the terms of APPENDIX I, and be paid to the FIBHULP as specified hereunder: On the signing of this contract, the SPONSOR will pay the amount of €2,000, as a one-off non-refundable payment to cover the administrative and contractual management expenses of the same. The remainder of the TRIAL Budget will be paid at least every six months, in accordance with the table of amounts per visit and patient recruited included in APPENDIX I, until full payment of the amount constituting this Budget. To this end, the SPONSOR/CRO and the PRINCIPAL INVESTIGATOR will provide the FIBHULP with six-monthly reports. These payments are considered payments on account, dependent on settlement of the definitive TRIAL amount. The definitive amount to be paid by the SPONSOR/CRO for performance of the TRIAL will be determined in accordance with the activity effectively carried out for the performance of the TRIAL (hereinafter the DEFINITIVE AMOUNT). The DEFINITIVE AMOUNT will be calculated as follows: Within a maximum term of three (3) months as from termination of the TRIAL in the HOSPITAL, the SPONSOR/CRO and the PRINCIPAL INVESTIGATOR will notify the FIBHULP in writing of the total number of: (i) patients recruited and evaluated, (ii) actual visits carried out, (iii) incidents arising, along with (iv) all extraordinary tests, analyses, examinations, consultations or hospital admissions, whether or not they are included in the Economic Report (APPENDIX I). As soon as possible following communication of the information referred to in the previous point, the FIBHULP will calculate, issue and notify the SPONSOR/CRO -through a final billing of the trial- of settlement of the definitive amount, as well as, where appropriate, claiming any outstanding payments, which must be paid within a deadline of one (1...
ECONOMIC ASPECTS. Vietnam has moved towards a more open trading system since it introduced market-oriented reforms. Certainly, imports and exports have expanded rapidly. Currently, Vietnamese government is eliminating some non-tariff barriers and is reducing tariffs in preparation for meeting its goals under ASEAN FTAs, included AFTA and ASEAN+. To fulfill this goal, export-oriented industries are becoming a higher priority in the government's economic development plans. As a result, Vietnam has become a more competitive market, one driven significantly by exportation. Besides, further removal of tariff and nontariff trade barriers and barriers to FDI will facilitate the introduction of new technology, increased productivity, and the development of a more competitive economy. It can be sure that ASEAN FTAs commitments are likely to preserve the momentum toward domestic reforms. Moreover, Vietnam’s commitments to reducing or eliminating tariffs and other trade restriction could be seen as its assessment of membership into the WTO in 2007. With this, Vietnam is now seen as a viable country for international trade and foreign investment. Another feature of Vietnamese trade perspective, the bilateral trade agreement addresses various market access considerations, including both tariff and non-tariff barriers. For example, Vietnam has put into its consideration of developing favorable policies which are covered both business environment issues and domestic environment transparency such as corruption; labor market flexibility; corporate tax burden; interest rate levels; access of private sector to lines of credit; sophistication of banking sector and stock market; levels of business confidence; infrastructure, foreign investment regime, foreign ownership laws. By doing this, Vietnam now is enhancing its attractiveness of business environment to foreign investors and building up system of regulations for strategic sectors which is attracting most interest from foreign investment. Theoretically, streamlining the tariff structure is one remaining key trade liberalization issue. Nonetheless, Vietnamese government is facing some major obstacles stem from pressures to protect domestic industries and the potential loss of significant tax revenues. But most important, inflation has been relatively high in recent years (2004: 9.5%, 2005: 8.4%, and 2007:12.6%). Inflation rates have reached a frightening level in Vietnam after extra currency flooded the market causing the domestic demand to...
