2.
10th floor, would be ready by October 1982 to accommodate the
transfer of the Marine Department whose present offices were on the
site of the intended Sheung Wan station. The building was due to
be completed in 1983. Work on the superstructure of 5 of the other
6 Hang Lung sites was expected to begin in 1983 or 1984 depending
on MTRC progress on the base structures. Tenders would be invited
6 months ahead.
3.
Acknowledging the complicated interface between the MTRC and
the property developers, Mr Chen explained that Hang Lung would
be responsible for above ground design according to specifications
agreed with MTRC and for the final selection of contractors.
invitations to tender were to be issued only to contractors
approved by the MTRC.
4.
But
Prompted by the Minister, Mr Chen said that financing would
be achieved primarily by institutional syndication.
Almost all
of the properties would be put up for sale. Profius would be split
with the MTRC on an agreed ratio and would directly contribute
to the cost of construction of the underground line and stations.
5.
Mr Waterstone endeavoured to interest Mr Chen in steel
framed buildings, drawing attention to their quality and efficient
erection and to the advantages of off-site fabrication of modular
frames. In response Mr Yin identified Ove Arup and Partners as
the structural engineers and architects for the Admiralty No. 2
and Wanchai station concourses who were also likely to act in that
capacity for the two developments above ground. It was suggested
therefore that Redpath Dorman Long should contact Ove Arup.
6.
The other members of the delegation enquired if Hang Lung
were likely to consider overseas contractors. Mr Chen said that
his company had traditionally and satisfactorily worked with Hong
Kong contractors for reasons of economics. If overseas
contractors were to become involved he thought that it would have
to/..