Base Case construction costs (DKK billion)

Femern A/S (2014b) Main Scenario

Femern A/S (2014b) Table 20

Femern A/S (2015b)

Danish Parliament (2015)

Femern A/S (2016a)

Price level

2014

2014

2014

2015

2015

Danish land works

Construction costs excl. reserves

7.3

7.3

7.3

7.3

7.3

Correction allowance (10%)

0.7

0.7

0.7

0.7

0.7

Reserves (20%)

1.5

1.5

1.5

1.5

1.5

Sum reserves

2.2

2.2

2.2

2.2

2.2

Sum reserves (%)

30%

30%

30%

30%

30%

Sum construct. costs incl. reserves

9.5

9.5

9.5

9.5

9.5

Coast-to-coast construction

Construction costs excl. reserves

40.5

40.5

49.4

45.8

38.9

Project preparation, organisation etc.

5.6

6.4

Total construction costs excl. reserves

40.5

40.5

49.4

51.4

45.3

Reserve for contractor risk

1.8

1.8

1.8

Other reserves:

Client reserve

3.7

3.7

3.7

Extra reserves (16.4%)

6.7

Total other reserves

3.7

10.5

3.7

Sum reserves

5.5

12.3

5.5

3.7

7.3

Sum reserves (%)

14%

30%

11%

7%

16%

Sum construction costs incl. reserves

46.0

52.7

54.9

55.1

52.6

Total project

Total construction costs excl. reserves

47.8

47.8

56.7

58.7

52.6

Total reserves

7.7

14.5

7.7

5.9

9.5

Total reserves (%)

16%

30%

14%

11%

18%

Total construction costs incl. reserves

55.5

62.2

64.4

64.6

62.1

Base Case Payback Period (Years)

32

37

39

39

36

Partial sensitivity analysis (Years)

[28; 41]

NA

NA

NA

[31; 48]