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11
3.
ensure
Following pressure from the DTI and FCO, the Treasury have recently agreed to reconsider the current rules on the financing of projects in non-standard currencies, including the Hong Kong dollar, to
the
competitiveness of British companies when pursuing major
project contracts.
In the mean time the Treasury has agreed that urgent cases requiring Hong Kong Dollar
Finance should be treated on their merits on a standard
currency basis. Of immediate importance in this context
are the bids for the Second Harbour Tunnel Project.
British companies are represented in 2 of the 3 international consortia short listed for this project.