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the best overall financial package possible.
XCC(73)10
Contractual Arrangements for Constructing and Equipping the MTR
21
There are basically two methods by which the con- struction and equipment of the MTR can be organised, namely a single-contract (or turnkey) approach and a multi-contract approach. Each approach has its own advantages and disadvantages, which can best be set out in relation to a number of criteria, namely:
(a)
the availability and terms of export
ht
credit finance;
(b)
the likely price of the project;
(c)
the likely starting date;
(d)
the overall period of construction;
(e)
(f)
the degree of co-ordination and
management required of the operating authority and its agents; and
other considerations (e. g. flexibility
in the organisation of the construction programme).
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