CONFIDENTIAL
026234
MOHIAN 9746
7 METRES AND VAST SEA RECLAMATION. WILL REQUIRE EXPENDITURE OF ABOUT 19 MILLION POUNDS A MONTH AND A RATE OF EXCAVATION AND EARTH MOVING NOT SEEN IN THE WORLD BEFORE. PRE-QUALIFICATION IN PROCESS. TENDERS TO BEGIN SHORTLY. MAIN BRITISH INTEREST, A
COSTAIN-TRAFALGAR HOUSE-NISHIMATSU-LED GROUP AND A BALFOUR
BEATTY-LED GROUP. VALUE ABOUT 625 MILLION POUNDS.
NOT
(C) AIRPORT BUILDINGS AND RUNWAY, AIRPORT EQUIPMENT ETC. FOR CONTENTION OBVIOUSLY UNTIL THE AIRPORT PLATFORM IS COMPLETE, BUT A VALUE OF AN APPROXIMATE FURTHER 2 BILLION POUNDS.
(D) THE RAIL LINK FROM HONG KONG TO THE AIRPORT. THIS WILL COST BETWEEN ONE AND 2 BILLION POUNDS. NO ESTIMATE AVAILABLE FOR THE ADDITIONAL COST OF ROLLING STOCK BUT SINCE THE U.K. (METRO- CAMMELL-GEC ALSTHOM) HAVE SUPPLIED NEARLY ALL THE ROLLING STOCK FOR HONG KONG'S RAILWAYS TO DATE THIS ORDER, WHICH WILL CERTAINLY BE HUNDREDS OF MILLIONS OF POUNDS, PROVIDES THE U.K. WITH ONE OF ITS BEST PROSPECTS OF ALL IN THE WHOLE PROJECT.
THESE TOO ARE MAJOR CONTRACTS. THE
PLANNED NORTH LANTAU WIMPEY MAY BID. SO MAY GAMMON.
(E) RELATED ROAD WORKS. FIRST TWO, EACH FOR A HALF OF THE EXPRESSWAY, ARE OUT FOR BIDS NOW.
(F)
THE BIDDING PROCESS NOT
THIRD CROSS-HARBOUR TUNNEL. LIKELY TO START UNTIL NEXT YEAR BUT THIS TOO WILL BE AN ENORMOUS CONTRACT FOR ROAD AND RAIL TUNNELS. WIMPEY AND BALFOUR BEATTY ARE BOTH STRONGLY INTERESTED.
(II) POWER STATIONS.
(A)
CHINA LIGHT AND POWER ARE LIKELY TO OPEN BIDDING OR NEGOTIATIONS LATER THIS YEAR OR EARLY NEXT FOR A NEW MAJOR POWER STATION AT BLACK POINT IN THE NEW TERRITORIES. GEC ALSTHOM ARE
LIKELY TO BE AMONG THE STRONGEST OF THE CONTENDERS. IT IS NOT YET DECIDED WHETHER IT WILL BE FUELLED BY COAL, IN WHICH CASE THE TOTAL VALUE WILL BE IN THE ORDER OF ONE BILLION POUNDS, OR BY NATURAL GAS, WHERE THE COST WILL BE ABOUT HALF THAT, BUT WHICH WOULD REQUIRE A NEW 500 MILE PIPELINE FROM CHINA'S HAINAN ISLAND TO HONG KONG IN WHICH BRITISH STEEL ARE KEENLY INTERESTED. GEC HAVE SUPPLIED NEARLY ALL THE MAJOR PLANT FOR CHINA LIGHT AND POWER FOR MANY YEARS AND GEC ALSTHOM WILL BE AMONG THE STRONGEST CONTENDERS FOR THIS.
(B) HONG KONG'S OTHER ELECTRICITY GENERAL COMPANY, HONG KONG
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