TUESDAY, JANUARY 23, 1979
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RESULTS OF LATEST TENDER FOR 300 URBAN TAXI LICENCES
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THE TRANSPORT DEPARTMENT HAS PROCESSED THE LATEST TENDERS FOR 300 HONG KONG AND KOWLOON TAXI LICENCES.
A TOTAL OF 550 INDIVIDUAL TENDERS HAD BEEN RECEIVED WHEN THE OFFER CLOSED ON DECEMBER 29 LAST YEAR. THE HIGHEST TENDER WAS $292,500 AND THE LOWEST, $26,800,
A TRANSPORT DEPARTMENT SPOKESMAN SAID TODAY (TUESDAY) THAT 299 OF THE 300 URBAN TAXI LICENCES HAVE BEEN ALLOCATED TO THOSE OFFERING A UNIT PREMIUM RANGING FROM $248,990 TO $292,500.
THE REMAINING LICENCE WAS DETERMINED BY PUBLIC BALLOT THIS AFTERNOON BECAUSE THERE WERE TWO TENDERS EACH WITH AN IDENTICAL UNIT PREMIUM OF $248,888 SEEKING A TOTAL OF TWO TAXI LICENCES.
THE AVERAGE PREMIUM IN THE LATEST TENDER EXERCISE WAS $258,538, AN INCREASE OF ABOUT 5.8 PER CENT COMPARED WITH THE LAST TENDER IN AUGUST 1978 WHEN THE AVERAGE PREMIUM WORKED OUT AT $244,240.
THE ESTIMATED REVENUE FROM THE LATEST TENDER EXERCISE SHOULD AMOUNT TO MORE THAN $77.5 MILLION.
THE SPOKESMAN SAID THAT LETTERS WOULD BE GOING OUT TOMORROW TO SUCCESSFUL TENDERERS AND THAT THE FIRST OF THE 300 TAXIS WOULD BE INSPECTED IN EARLY FEBRUARY. ALL 300 TAXIS SHOULD BE ON THE ROAD BY THE END OF APRIL.
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