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32
67: JT
CONFIDENTIAL
4.
機密
cause
important contract.
a high degree of risk that they would default on this
It appears to the Government that domestic political problems have made it extremely difficult for them to
comply. Hyundai. has requested the Government to consider
accepting thoir original accounts. as evidence of sufficient
capital to complete the project. To do so, the Government would
have to accept debts: from the Middle East as eviiance of sufficient working capital. This we feel. unable to do.
10.
ބ
Notwithstanding their financial difficul:!
Government has fully evaluated Hyundai's tender on the basi COSL and technical ability. Hyundai! samodified tender price was
30 low. that in thes view of the TAL, they appeared to h underestimated. the worker involved in terms of quality
resources. and price. Technically, Hyundai- bid was evaluat
as the weakcat of put the tenders submed ed. The probabili
#yundai Completing the Tsing Ma. Bridge on simme was assessm
Best Hyundai demons
relative A
65
per
appreciation
programuning demanda for
rical difficult r-
Lafting
Ts ing Hai Hardge Com
could not be t
rogutal
their
pancada, VanSOELUM
st
expensive e
1 1992.
margin, and was rejected on uns around