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<br />f. <br /> <br />. <br /> <br />. <br /> <br />12 <br /> <br />., <br /> <br />EST:IMI\n;D (D)TS <br /> <br />COOstructioo costs (January 1978 prices) <br /> <br />$336,350,000 <br /> <br />1IIU1ual operatioo, maintenance, and replacanent <br />costs (1974-76 prices) <br /> <br />2,137,000 <br /> <br />*. V. Ecooanic 1Inalysis <br /> <br />A. General Principles. <br /> <br />1. Definitioo of t:re project. <br /> <br />The u.s. planning documents do not <br /> <br />give a fonnal definitioo of the concept of a project such as that fOllIXl in the <br />CE:D Guide. Practice indicates, however, that there are three operational defi- <br />nitioos. <br /> <br />The '-Ulll......ly held idea of a project is the set of structures and lands that <br />are OOi.lt, initially financed, and operated or managed by the sponsoring federal <br />governnent ~ am c::oqJerating state agencies. For exarrple, a project producing <br /> <br />irrigatioo water, M&I water, hydro-electric power, and recreation service would <br /> <br />u.&11l':Jllly be tlDught of as coosisting of the dam, the reservoir, surrounding lands <br /> <br />acquired for envircmIental or recreational purposes, the main canal for delivering <br /> <br />irrigatioo water, the pipeline delivering water to the city treat:nent plant, <br /> <br />and the electric transnissioo lines to t:re point where the power enters a dis- <br /> <br />tributioo grid. <br /> <br />'Ibis SCIIre c:oocept of the project is used in detennining the financing of <br /> <br />the project. The users of project outputs or services have various obligations <br /> <br />under u.s. law to repay various percentages of the construction and operation costs <br />