Steering Group's. Requirement
VI. Other Finance
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(a) Equity is the client's responsibility.
(b) The consortium's financial advisers should be
prepared to assist if required (cf. I(e) above).
VII. Construction/equipment Aspects
(a)
The construction programme:
(i)
should be five years from the date of commencement of construction;
(ii)
5
Present Indications (as at 20th July 1973)
Japanese
Italian
A/F/G
British
Yes
Yes
Yes
Yes
Yes
Yes (medium- term loan
Yes
Yes
available up
to a maximum of HK$900 mn)
Negotiable
No (6 years)
Negotiable
Yes
No (6 years)
Yes
To some extent
Negotiable
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must be sufficiently flexible to meet minor interruptions (particularly in the case of delays in land availability).
(b) Labour requirements should be minimised.
Yes
Yes (about 4,000 for civil works)
Peak labour force approx. 6,000
Peak labour force approx. 10,000
(c) Training: The consortium should assist in
arranging and/or providing training facilities
Yes
Yes
Yes
Yes
for MTRC's staff.
(d) Test operations: Arrangements made for test
operations and acceptance tests for equipment must be satisfactory to the client.
Yes
Yes
Yes
Yes
VIII. Interface with Consultants
The consortium should be prepared to take over responsi- bility for detailed design as and when basic data and design parameters are available and performance speci- fications for E & M equipment are defined.
Yes
Yes (including
Yes
proposals for
Yes (but not for civil works)
design parameters
if requirca)
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