FRIDAY, DECEMBER 18, 1992

JAPANESE BANK GRANTED LICENCE

A GOVERNMENT SPOKESMAN SAID TODAY (FRIDAY) THAT THE DAISHI BANK LTD (DAISHI) HAD BEEN GRANTED A BANKING LICENCE то CONDUCT BUSINESS IN HONG KONG.

DAISHI IS THE 54TH LARGEST BANK IN JAPAN, AND RANKS 276TH IN THE WORLD IN TERMS OF CAPITAL.

BEFORE THE GRANTING OF THE LICENCE, THE BANK OPERATED A REPRESENTATIVE OFFICE IN HONG KONG. THE REPRESENTATIVE OFFICE WILL BE UPGRADED TO A BRANCH.

IN

THE SPOKESMAN SAID THE CONTINUING INTEREST OF FOREIGN BANKS ENTERING THE LOCAL MARKET REFLECTED HONG KONG'S CONTINUED IMPORTANCE AS A MAJOR INTERNATIONAL FINANCIAL CENTRE.

THIS

THE LICENCE FOR DAISHI IS THE FIFTH BANKING LICENCE GRANTED YEAR.

THERE ARE NOW 164 LICENSED BANKS IN HONG KONG, OF WHICH 134 ARE INCORPORATED OUTSIDE THE TERRITORY.

PREQUALIFICATION INVITED FOR WEST KOWLOON SEWERAGE WORKS

THE

TERRITORY

* * * * *

DEVELOPMENT

DEPARTMENT

IS

INVITING

PREQUALIFICATION SUBMISSIONS FOR THE CONSTRUCTION OF THE FIRST PACKAGE

F THE WEST KOWLOON RECLAMATION SEWERAGE WORKS.

A SPOKESMAN FOR THE DEPARTMENT SAID TODAY (FRIDAY) THAT THE WORKS WOULD COMPRISE THE CONSTRUCTION OF TWO PUMPING STATIONS AND MORE THAN 1.4 KILOMETRES OF TRUNK SEWERS ON NEWLY RECLAIMED LAND.

"APART FROM PROVIDING THE NECESSARY SEWERAGE FACILITIES TO SERVE THE WEST KOWLOON RECLAMATION DEVELOPMENT, THE COMPLETED WORKS WILL ALSO SIGNIFICANTLY IMPROVE THE WATER QUALITY IN WEST KOWLOON RECEPTION AREA BY RECEIVING POLLUTED FLOW DIVERTED FROM THE EXISTING STORM WATER DRAINAGE SYSTEM IN THE WEST KOWLOON HINTERLAND, HE SAID.

THE NOTICE INVITING

GAZETTED TODAY.

PREQUALIFICATION

SUBMISSIONS

HAS BEEN

THE SPOKESMAN SAID THE INVITATION WAS ONLY OPEN TO CONTRACTORS ON THE APPROVED CONTRACTORS FOR PUBLIC WORKS LIST I GROUP C FOR ROADS AND DRAINAGE OR ON THE LIST II.

THEY MAY OBTAIN THE PREQUALIFICATION DOCUMENTS FROM THE PROJECT'S CONSULTANT, MOTT MACDONALD HONG KONG LIMITED, ON 12TH FLOOR, SUN HUNG KAI CENTRE, 30 HARBOUR ROAD, WAN CHAI.

/COMPLETED SUBMISSION

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