16
FRIDAY, MAY 20, 1994
OFFICE TO
A
THE BANK WISHES TO UPGRADE THE REPRESENTATIVE BRANCH TO PROVIDE A WIDER RANGE OF BANKING SERVICES TO ITS CUSTOMERS IN HONG KONG, CHINA, TAIWAN, AUSTRALIA AND NEW ZEALAND.
THE PROPOSED BRANCH WILL INITIALLY FINANCING AND CORPORATE LENDING. SERVICES WILL BE OFFERED LATER.
ON CONCENTRATE
AND COMMERCIAL
PROJECT
MERCHANT
BANKING
IN
THE SPOKESMAN SAID THE CONTINUING INTEREST OF FOREIGN BANKS ENTERING THE LOCAL MARKET REFLECTED HONG KONG'S CONTINUED IMPORTANCE AND ATTRACTIVENESS AS A MAJOR INTERNATIONAL FINANCIAL CENTRE. LICENCE FOR BLG IS THE SIXTH BANKING LICENCE GRANTED IN 1994.
THE
THERE ARE NOW 178 LICENSED BANKS IN HONG KONG, OF WHICH 146 ARE
OF THESE, 10 ARE FROM GERMANY. INCORPORATED OUTSIDE THE TERRITORY.
0
TENDER FOR TING KAU BRIDGE CLOSES
THE
* * *
DEPARTMENT HIGHWAYS
RECEIVED
TENDER
SEVEN BIDS FOR THE CONSTRUCTION OF THE TING KAU BRIDGE AND APPROACH VIADUCT WHEN CLOSED TODAY (FRIDAY).
THE BIDS WERE SUBMITTED BY PRE-QUALIFIED TENDERERS AS FOLLOWS:
*
*
KLHC JOINT VENTURE;
PAUL Y CREC JOINT VENTURE;
-
ROUTE 3 CONTRACTORS JOINT VENTURE;
SCMC JOINT VENTURE;
TING KAU BRIDGE JOINT VENTURE;
TING KAU CONTRACTORS JOINT VENTURE; AND
TRAFALGAR HOUSE CONSTRUCTION (ASIA) LTD.
IT IS EXPECTED THAT TENDER EVALUATION WILL TAKE AND-A-HALF-MONTHS TO COMPLETE, AND THE CONTRACT WILL BE AUGUST THIS YEAR FOR COMPLETION IN MID-1997.
CONSTRUCTION OF THE TING KAU BRIDGE AND APPROACH
BE FUNDED TOTALLY BY THE GOVERNMENT.
ABOUT THREE-
AWARDED BY
VIADUCT WILL
BE A DUAL THE
IT WILL FORM A MAJOR PART OF ROUTE 3, WHICH WILL THREE-LANE EXPRESSWAY LINKING THE NORTHWEST OF TSING YI ISLAND TO FUTURE TAI LAM TUNNEL.
PROVISIONS FOR CONNECTIONS TO THE LANTAU FIXED TUEN MUN ROAD WILL ALSO BE MADE.
CROSSING AND
UPON
IN CONGESTION IT COMPLETION, WAN/KWAI TSING AREA AND PROVIDE A MORE DIRECT ACCESS FOR WEST NEW TERRITORIES TO LANTAU ISLAND AND THE CONTAINER PORT.
WILL RELIEVE
THE
THE
TSUEN NORTH
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