content_image/56375.jpg
## notes to the financial statements 

for the year ended 30 June 2001 

Payments under the Design and Construct Contract make up the majority of the prior year capital commitments in the above table. 

<img src='content_image/56375.jpg'>

## Concession Fees 

The Concession Deed between the Company and the Melbourne City Link Authority provides for annual concession fees of $95.6 million for the first 25 years after the completion date of CityLink, $45.2 million for years 26 to 34 and $1 million thereafter if the concession continues beyond year 34. Until a certain threshold return is achieved, payments of concession fees due under the Concession Deed will be satisfied by means of the issue of non-interest bearing Concession Notes to the State. The Concession Notes have been accounted for in accordance with note 1k. 

