XN000022-1972-06-07 — Page 12

Wednesday, June 7, 1972

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MASS TRANSIT RAILWAY STEERING GROUP

As announced by the Financial Secretary in Legislative Council this

afternoon, the Governor has established a small Steering Group to investigate

the best methods of financing, tendering for, and operating the Mass Transit

Railway. The Group is to submit its findings to Executive Council by November

this year.

The membership of the Steering Group comprises:

Financial Secretary (Chairman)

Director of Public Works

Commissioner for Transport

Accountant General

Deputy Economic Secretary

together with a senior member of the Hong Kong & Shanghai Banking Corporation.

The Steering Group will co-opt representatives of the Consultants (Freeman

Fox & Partners) to attend its discussions,

The terms of reference of the Steering Group are as follows:

(1) To consider and advise on the best means of financing.

letting contracts for and operating a Mass Transit Railway for Hong Kong on the basis of the system proposed by the Consultants,

(2) To consider, in particular, any proposals submitted by

outside bodies for financing and/or construoting and/or operating the system.

(3) To receive progress reports from the Consultants on the preparation of detailed designs and the drawing up of tender documents for the first two stages of the system, as well as on the further survey work and gound investigations being undertaken,

(4) To supervise the drawing up of drafting instructions for

legislation required for the construction and operation of the Mass Transit Railway.

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