You have recently completed $($Year $2007)$ a $150,000$ BBL $/$ Day

LPG plant with the cost $500$ Million in Abu Dhabi, UAE. Prepare

an estimated cost for $90,000$ BBL $/$ Day LPG to be built in

Ajman, UAE for a period of $2$ years. Adjustment factor:

a$)$Plant in Ajman doesn't require some specification worth $50$

Million which was complete in Abu Dhabi Plant.

b$)$Construction in Ajman cost $1\mathrm{.}1$ times more than construction

in Abu Dhabi, due to soil condition.

c$)$Escalation for $2$ years will be $5\%$ for the first year and $4\%$ for

the second year.

d$)$Recent history shows a capacity factor of $0\mathrm{.}75$ is appropriate

for this facility.

What will be the cost of new plant in Ajman?