Tuesday, December 19, 1972
RESULTS OF TAXI TENDERS ANNOUNCED
Total Premium Close To $40 Million
A total of 254 tenders were successful in the recent tender to
register 350 taxis, the Commissioner for Transport announced today.
A total of 3,772 tenders were received 1,275 for Hong Kong
taxi licences and 2,497 for Kowloon taxi licences.
Following a full analysis of these tenders by the Tender Board,
offers have been made to register 195 Hong Kong taxis and 155 Kowloon
taxis for a total premium of $38,879,444.
"The average premium offered for the 195 Hong Kong taxi licences
was $111,813, and for the 155 Kowloon taxi licences $110,167," the
Commissioner said.
Single licences offered totalled 214 whilst 29 tenderers were
offered two licences.
The highest number of licences offered to a single tenderer was 17.
"As has already been announced," the Commissioner said, "successful
tenderers will be allowed to license only new (not second-hand) vehicles."
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