Amount of bid
BRITISH BID'
HONG
HASS TRANSIT SYSTEM
(ɗsions at HK$13.0=21)
TAPANESE BID
HK$5321.6m (£409.4m) includes escalation provision of HKX932.9m (£ 71.8m)
IKX5070n (90m) standard equipment HI24563m (4357m) Utility scheme HK$4056m (£312m) d price including lation Variance in
+ 22% 16%
Amount of Export Credit
HK$3147m
Interest Rate
(6242.1m)
includes escalation provision
ITALIAN BID
ANGLC/FRANCO/GERMA
BID
HKX3042m £234m)
?
?
6%
exclusive of charges
61% clusive of charges
61-63% inclusive of charges
A
French 61% (exclusiv
German 32 over
of charge
Bundesbank
rate
British 6% exclusive
charges
Repayment Terms
over 12 years from completion of each stage viz over 42 174 years from 1 Jan 1974, with an assumed building period of 54 years).
NB In the latest submission the British group have provided for 12 years from the end of the four stages.
6-19 years from uary 1974
over 12 years from completion of all four stages
Franco/Germans: over 12 years from completion of each stage BUT will agree from completion of al four stages
Capitalisation of Interest
Building period
Not agreed
Agreed
Agreed
5 years
52 years
Will agree