During 1984, the Department will complete one of its most significant foreign building projects

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complex,

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taken when the Moscow Embassy initially funded in 1977, becomes operational at total cost $139,825,000. The year will also see another project with major political importance, construction of the Riyadh complex with a total estimated cost of $96,280,000, move into the final phase of staff housing construction. Third, a 173 unit Tokyo apartment complex will be in full service after four years' work and $72,940,000. Finally, 1984 will see the first phase of a three phase, Six year effort to rehabilitate the valuable Bonn housing complex at a total cost $23,000,000.

of

A significant theme of the 1984 FBO budget is support of the existing property inventory in a multi-year effort which can be characterized as Capital Renewal. This program has been developed based upon post-reported fund requirements for minor improvements, building operating expenses, maintenance and repair and furniture/furnishings replacement or repair.

The Department's tot al requirement of $203,889,000 will be funded in 1984 from new appropriations ($202,889,000) and funds derived from proceeds of sale ($1,000,000). Items contained in our budget request include completion of the second phase of the Riyadh construction project ($40,000,000), development or construction of office and housing facilities sixteen ($24,560,000), and on-going operational programs ($139,329,000). These figures include financing through estimated proceeds of sale ($1,000,000), which will be used to offset the costs of on-going operational requirements related to the Capital tive.

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Renewal initia