I.
CONFIDENTIAL
Major Franchises
Franchises straddling 1997 which were granted after 1984
Franchise/
Franchisee
Type of franchise
Date of grant/extension
Kowloon Motar Bus
(KMB) Co. Ltd.
Franchise
under the
Last
Expiry Date
extension in June
31. 8.1997
Public Bus Service Ordinance (Cap 230)
approved 1988 for 2 years (i.e. from 1.9.95)
Remarks
No review clause. However,
the Governor in Cancil may at any time during the franchise period extend the franchise period for up to 2 years. If the grantee applies
far an extension not less than 1 year before the expiry,
the
Governor-in-Cancil
may
extend the
franchise for
period not exceeding
5 years.
Present
position:
KMB has applied to extend its franchise to 2001.
Will require consultation with the Chinese. Application expected to reach Excb in second quarter of
at
the
1993 earliest.
As at 14.12.1992
Chinese interests