Indexation of the Expenditure Budget during the LHC Construction Period

This document contains information relating to price escalation of the LHC project and a proposal concerning a procedure for indexation for the period 2003 to the end of the construction period. The procedure would be reviewed as from 2007-2008, unless economic conditions affecting the LHC project change considerably before that date. This document is presented to the Finance Committee for discussion at its meeting of 6 November 2002. A final proposal will be presented to the Council and its Committees in December 2002 for approval.