SOUTH CHINA MORNING POST THU 15 FEB173
Five firms vie
to
win contract
A battle royal will be building up over the next few weeks among some of the top consortia 10 secure Government's contract to build the first four stages of the mass transit underground railway system.
In terms of hard cash, the contract is estimated to be worth at least $3,000 million. before interest.
The five interested parties are the Mitsubishi's❤consortium of 51 Japanese companies and represented locally by Jardines; the British GEC Group represented here by Hutchison; the Joint French German Group named Hongkong Metro Constructors and represented by Zung Fu an Italian-consortium and one
formed by leading real estate and construction companies in Hongkong.
A consensus showed that most
the people felt Government would certainly take up the offer of a “package deal" put up by these various consortia.
"There are technical and commercial advantages for Hongkong should the con- tract be given to just one consortium, said the spokesman for three of the consortia, Mitsubishi, British GFC and НК Metro
Constructors,
**
But all three partien sid they would consider tendering for the contracts even if they were split up.
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