HOFO 007/13
RR DO T
GR 210
CYPHER CAT A
0515713
NO DISTRIBUTION
HKK 173!..
FM B.TC HONG KONG .1384462 RESHIVED IN RESTRY NO. 5T
19 JAN1973
DESK OFFI
UNCLASSIFIED
INDEX
No
COMMERCIAL IN CONFIDENCE-
TORTE POT R K129
HK + Z
de
TEED (2) PUSI (2)
DE
PA
STRY
ts.
Action Taken
see 8
TO ROUTINE DO T TELNO CREDA 14 OF 13 JANUARY 1978.
FOR OPG AND CRE4.
YOUR CREDA 7. MASS TRANSIT SYSTEM PHASE 2.
MY BEST ESTIMATE (OBTAINED IN CONFIDENCE) OF TOTAL VALUE OF CONTRACTS 301, 302, 303 AND 305 IS AT LEAST HK DOLLARS 1 MILLION. AS BIRCH OF ECGD WILL KNOW (SEE OUR EXCED 35 OF 12 DECEMBER NOT REPEATED TO YOU), GAMMON-KIER-LILLEY ESTIMATE THE EXPORT CONTENT OF THEIR PORTION OF THE MODIFIED INITIAL SYSTEM AS 27 PERCENT. THE MASS TRANSIT AUTHORITY ON THE OTHER HAND ARGUE THAT THE UK CONTENT IS 40 PERCENT. EVEN ON THE LOWER FIGURE, 1
SUGGEST WE CAN TAKE IT THAT CONTRACTS 301, 302, 303 AND 305 IN
PHASE 2 COULD TOGETHER GENERATE MORE THAN POUNDS STERLING
TEN MILLION WORTH OF UK GOODS AND SERVICES. INCIDENTALLY, 1 LEARN THAT HIP HING CONSTRUCTION CO. ARE REGARDED BY THE
TRANSIT AUTHORITY AS SATISFACTORY CONTRACTORS FOR STAGE 2.
MASS