Wednesday, June 7, 1972
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MASS TRANSIT RAILWAY STEERING GROUP
As announced by the Financial Secretary in Legislative Council this
afternoon, the Governor has established a small Steering Group to investigate
the best methods of financing, tendering for, and operating the Mass Transit
Railway. The Group is to submit its findings to Executive Council by November
this year.
The membership of the Steering Group comprises:
Financial Secretary (Chairman)
Director of Public Works
Commissioner for Transport
Accountant General
Deputy Economic Secretary
together with a senior member of the Hong Kong & Shanghai Banking Corporation.
The Steering Group will co-opt representatives of the Consultants (Freeman
Fox & Partners) to attend its discussions,
The terms of reference of the Steering Group are as follows:
(1) To consider and advise on the best means of financing.
letting contracts for and operating a Mass Transit Railway for Hong Kong on the basis of the system proposed by the Consultants,
(2) To consider, in particular, any proposals submitted by
outside bodies for financing and/or construoting and/or operating the system.
(3) To receive progress reports from the Consultants on the preparation of detailed designs and the drawing up of tender documents for the first two stages of the system, as well as on the further survey work and gound investigations being undertaken,
(4) To supervise the drawing up of drafting instructions for
legislation required for the construction and operation of the Mass Transit Railway.
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