- 10
"Some of the drains, which were built some 30 years ago, were under-capacity and cannot meet current flood protection standard.
"The study will also develop a computerised asset management system to facilitate future planning, management and operation of the drainage system," Mr Bradley said.
The study, expecting to take 20 months to complete, is the third in the seven drainage master plan schemes undertaken by the department.
The first study covering Yuen Long, Kam Tin and Tin Shui Wai started in January, while the second for northern Hong Kong Island began in May.
End
Tender date
Paper on offer
Issue number
Hong Kong Monetary Authority tender results
3 Sept 1996
EF bills
Q636
3 Sept 1996
EF bills
Y693
Issue date
4 Sept 1996
4 Sept 1996
Maturity date
4 Dec 1996
3 Sept 1997
Coupon
Amount applied
HK$4,870 MN
Amount allotted
HK$1,500 MN
Average yield accepted
5.20 PCT
Highest yield accepted
5.20 PCT
Pro rata ratio
Average tender yield
5.21 PCT
About 74 PCT
HK$3,370 MN
HK$500 MN
5.77 PCT
5.77 PCT
About 90 PCT
5.79 PCT