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W(B)L 51-7406
CONFIDENTI AL
cost involved and the problem of financing
the scheme as well as the doubts of some as
to the scheme's viability led to the
appointment in August 1971 of an Inter-
departmental Working Group under the
chairmanship of the Deputy Economic
Secretary.
This group was expected to take
about 6 months in its examination of the
matter.
Wr han not
yet reported. лерител.
3. A British consortium of firms interested
in this project was formed in 1971.
consists of:
4.
It
GEC (lead company for equipment and
rolling stock)
Richard Costain Ltd (lead company
for civil engineering work and at present engaged in constructing the cross-harbour tunnel in Hong Kong)
Balfour, Beatty & Co Ltd
The Cementation Co Ltd
Mitchell Construction Kinnear Moodie
Group Ltd
John Mowlem & Co Ltd
This consortium is represented in
Hong Kong by Hutchinson International Ltd,
whose Chairman is Sir Douglas Clague, a
nominated Unofficial Member of the Executive
Council. The main competition is expected
to come from a Japanese consortim
represented in Hong Kong by Jardine
Matheson.
2.
CONFIDENT IAL