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bringing together the manufacturing capacity of UK industry, the financial resources of British merchant banks backed by ECGD and the expertise of the nationalised supply industry, CEGB.
4. This unique approach enabled British firms to win the follow- ing major contracts in connection with the new power station:
(a) GEC Turbine Generators/Babcock and Wilcox: March 1978:
contract for supply of two generating sets and associated equipment. Worth approximately £120 million.
September 1979: letter of intent signed for supply of two more sets and associated equipment. Worth £113 million.
(b) Balfour Beatty:
March 1979: contract for design, supply
and erection of transmission system. Worth approximately
£100 million.
(c) GEC Gas Turbines: May 1979:
contract for two gas turbines
with an option on two further machines. Worth about
£20 million.
(As most of the prices quoted above are at 1977 levels, the total value of orders placed with UK industry at current day prices is at least £400 million.)
(ii) Mass Transit Railway
5. The first stage of Hong Kong's new underground railway will open next month. Construction and operation of the railway is the responsibility of the Government-owned Mass Transit Railway Corporation. The main construction contract was awarded to a Japanese consortium, though British firms were awarded 25% of the supply contracts. Most notably, Metro-Cammell have won the con- tracts to supply rolling stock for both stages of the MTR, in the face of strong competition from Japanese and North American companies. These contracts are worth over £150 million.
(iii) The Kowloon-Canton Railway
6. The Hong Kong Government are modernising the 22 mile stretch of the Kowloon-Canton railway which runs on Hong Kong territory. In 1977 British Rail's consultancy subsidiary, Transmark, were
/appointed
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