APPENDIX 7
TABLES SUBMITTED BY NÍTRIGIN ÉIREANN TEORANTA
ANALYSIS OF PROJECTS COMPARABLE WITH THE MÁRINO POINT PROJECT
TABLE 1
Irish Process Plans Built in 1973-1979 Period
Project |
% Increase in Actual Cost over Budget |
% Increase in Actual Over-planned Schedule |
Contractor |
Asahi, Killala |
80 |
66 |
Mathew Hall |
Courtaulds, Letterkenny |
40 |
75 |
Courtaulds Engineering |
GAF |
21 |
58 |
Jacobs International |
Irish Distillers |
50 |
83 |
Stone & Webster |
Merck Ballydine |
80 |
28 |
Bechtel |
Mitsui Cork |
190 |
50 |
Lummus |
NET, Cork |
108* |
42 |
Kellogg |
Syntex, Clarecastle |
200 |
66 |
Jacobs International |
Average |
96 |
59 |
|
Note
October 1980.
TABLE 2
Other European Construction Projects
Country |
Company |
Project |
Cost Performance |
Schedule Performance |
Budgeted Cost |
Actual Cost |
% Cost Over-Run |
Budgeted Time (Months) |
Actual Time (Months) |
% Time Over-Run |
UK |
Monsanto
Seal Sands
Teeside |
Expand Acrylonitrile Capacity by 190,000 t/a to 300,000 t/a. |
£130m
(FT 28/2/80) |
£180m
(Chem. Age Survey 5/10/79) |
38 |
36
from late 1974 (ECN 29/9/74) |
54
(FT 28/2/80) |
50 |
UK |
ICI/BP
Wilton
Teeside |
500,000 t/a ethylene, 230,000 t/a propylene, 180,000 t/a C4, 500,000 t/a pyrolysis gasoline. |
£100m
(ECN 10/5/74) |
£200m
(FT 28/2/80) |
100 |
36
from late 1974 (ECN 26/3/76) |
60
(FT 28/2/80) |
67% |
UK |
Phillips Petroleum
Seal Sands
Teeside |
Offshore Gas Processing Plant. |
£418m
(ECN 25/11/77) |
?
Budget Raised to $488m in 1977 |
? |
48
from late 1972 (ECN 25/11/77) |
84
(ECN 2/4/79) |
75% |
Italy |
Montedison |
495,000 t/a ammonia, 228,000 t/a urea. |
£45.4m |
£61.5m |
35 |
30 |
48 |
60% |
TABLE 3
World Fertilizer Projects
Project |
% Increase of Actual Cost Over Budget |
% Increase in Actual Schedule Over Planned |
1. |
Cochin II (India) |
82 |
97 |
2. |
Gorakhpur |
45 |
63 |
3. |
Nangal (India) |
46 |
72 |
4. |
Trombay IV (India) |
44 |
35 |
5. |
Sindri (India) |
32 |
48 |
6. |
IFFCO (India) |
— |
24 |
7. |
Multan (Pakistan) |
105 |
80 |
8. |
Fanji |
21 |
13 |
9. |
Ashuganj (Bangladesh) |
80 |
71 |
10. |
Igsas (Turkey) |
26 |
75 |
11. |
Maroc Phosphore (Morocco) |
12 |
7 |
12. |
Talbha II (Egypt) |
29 |
62 |
13. |
Arancaria |
25 |
62 |
*NET Costs include pre-production expenses of £21.2 million and Financing Costs of £22.7m.
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