(118281) Dd. 391599 1,500M 2/69 Hw.
NOTHING TO BE WRITTEN IN THIS MARGIN
Registry No.
JECURITY CLASSIFICATION
Top Secret.
Secret.
Confidential.
Restricted.
Unclassified.
PRIVACY MARKING
..In Confidence
DRAFT BRIEF
Type 1 +
To:-
ECGD & HONG KONG
From
Telephone No. & Ext.
Department
1. Full ECGD facilities are available to Hong Kong.
In 1969, CGD guaranteed a loan made available by
Lloyd's Bank Ltd of £14.75 million to finance the
construction by Costain International Ltd & two other
companies of a four-lane road tunnel between Hong Kong
Island & Kowloon. The basie price of the contract is
the
c.£18 million, target completion date of the project
is September 1972
UNDER GROUND RAILWAY SCHEME
* ECGD,
2.,
ECGD have been approached by UK commercial &
financial interests concerning the degree of support
ECGD would consider for contracts in connection with
C.
the Hong Kong Underground Railway Scheme, the total cost
of which is estimated at £300 million (or £150 million if only the initial scheme is aonstructed) However, the
decision of the Hobg Kong Government as to whether to proceed with the scheme is still awaited.
Arrangements for an Asian Development Bank loan
desalination
to Hong Kong for thè diftru&tión°Ef
plant costing 4 million are proceding, but have not
et been completed. ECGD have not been approached.
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