Page:UKSI1964 (Part 3- Section 1).pdf/48

 specified (Article 2) and provision is made ( Article 3) that no such project is to be undertaken without the authorisation of the Minister of Transport in any case where the cost of the project exceeds £ 500,000, or where the project forms part of a larger project or of a series of projects the cost of which exceeds that sum.

Projects which consist of routine maintenance or repair works, or the taking on temporary hire of certain plant and equipment, or which involve no expenditure of a capital nature, or which were begun or put out to tender before the Order comes into operation are excluded from the control ( Article 4 ) and projects relating to dry docks are similarly excluded (Article 6 and s. 9 ( 10 ) of the Act).

The method of ascertaining the cost of projects and the items to be taken into account in ascertaining such cost are specified ( Article 5).