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FRIDAY, JULY 17, 1992

CONTRACTS

SIR DAVID SAID THE NINE GOVERNMENT DIRECTLY FUNDED AWARDED SO FAR, TOTALLING NEARLY $15 BILLION, INCLUDED THE TSING MA SUSPENSION BRIDGE CONTRACT, AWARDED AT JUST OVER $7 BILLION,

HO SECTION OF THE NORTH LANTAU EXPRESSWAY AND VARIOUS CONTRACTS FOR LAND RECLAMATION AND OTHER WORKS SUCH AS THE WEST KOWLOON REPLACEMENT TYPHOON SHELTER.

THE

IN ADDITION, TENDER PRICES FOR TWO MORE LARGE CONTRACTS KAP SHUI MUN BRIDGE/MA WAN VIADUCTS AND ANOTHER PHASE OF THE NORTH LANTAU EXPRESSWAY INDICATED THAT THESE CONTRACTS WOULD ALSO BE AWARDED WITHIN BUDGET.

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TAKEN TOGETHER, THE NINE MAJOR CONTRACTS AWARDED AND THE TWO PENDING AMOUNTED TO OVER 30 PER CENT BY VALUE OF THE TOTAL GOVERNMENT WORKS EXPENDITURE ON THE ACP.

"ON TOP OF THIS THE PAA'S MAJOR SITE PREPARATION CONTRACT, WHICH WILL ACCOUNT FOR ABOUT 20 PER CENT OF THE AIRPORT'S TOTAL CONSTRUCTION COSTS, IS ALSO EXPECTED ΤΟ BE LET WITHIN THE BUDGET FIGURE," SIR DAVID SAID.

OF

COMMENTING THAT THOSE ATTENDING REPRESENTED A WIDE SPECTRUM BUSINESS AND OTHER INTERESTS FROM COUNTRIES RANGING GEOGRAPHICALLY FROM JAPAN AND CHINA TO EUROPE AND NORTH AMERICA, HE SAID THEIR INTEREST DEMONSTRATED THE INTERNATIONAL BUSINESS COMMUNITY'S EXTENSIVE INVOLVEMENT IN THE FUTURE OF HONG KONG.

BY ANY

MUCH HAD ALREADY BEEN ACHIEVED 90 FAR, AND INTERNATIONAL MEASURE PRIDE COULD BE TAKEN IN THE SHEER AMOUNT OF PROGRESS.

BESIDES CONTRACTS GOING AHEAD WELL WITHIN BUDGET, THE GOVERNMENT'S OVERALL FINANCIAL CONTRIBUTION TO THE ACP REMAINED AT THE ORIGINAL 1991 ESTIMATE OF $59.3 BILLION, INCLUDING $42.7 BILLION IN PUBLIC WORKS.

HE SAID THE PEAK CONSTRUCTION PERIOD FOR THE AIRPORT. IN 1994-95, WOULD INVOLVE ABOUT 100 CONTRACTS AND OVER 10,000 SITE PERSONNEL.

OUTLINING PROGRESS MADE SO FAR, SIR DAVID SAID THE ACP WAS NOT JUST ABOUT BUILDING A REPLACEMENT AIRPORT FOR ΚΑΙ TAK, THOUGH THAT WAS THE CORE.

IT WAS ABOUT CREATING A NEW MODERN TRANSPORT INFRASTRUCTURE WITH A NEW AIRPORT, NEWLY RECLAIMED LAND, NEW HIGHWAYS, A RAILWAY A NEW TOWN - FOR ALL OF WHICH THERE WAS A PRESSING NEED.

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SIR DAVID ALSO DESCRIBED AS COMPANIES HAD BEEN FAVOURED IN THE

AND

"PLAIN WRONG" COMMENT THAT BRITISH AWARD OF CONTRACTS.

"THE HONG KONG GOVERNMENT IS PROUD OF ITS RECORD FOR A LEVEL PLAYING FIELD ON ITS TENDER EVALUATIONS. IT ALWAYS STRINGENT AND SCRUPULOUSLY FAIR ASSESSMENT STANDARDS ARE BEING RIGOROUSLY MAINTAINED CONSULTANCY CONTRACTS, NO FAVOURITISM IS SHOWN

SAID.

OPERATING MAINTAINS PROCEDURES, AND THE ON ACP WORKS AND ΤΟ ANY COUNTRY," HE

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