XN000022-1991-07-19 — Page 8

FRIDAY, JULY 19, 1991

FC APPROVES FUNDS FOR WORK ON LANTAU FIXED CROSSING

FUNDING APPROVAL WAS GIVEN BY THE FINANCE (FRIDAY) IN ORDER THAT WORK MAY PROCEED ON THE LANTAU (LFC).

COMMITTEE TODAY FIXED CROSSING

THE COMMITTEE APPROVED A NUMBER OF ITEMS.

SET ASIDE FOR

FIRST, IT APPROVED AN INCREASE IN THE AMOUNT DESIGN WORK AND CONTRACT DOCUMENTATION FOR THE TSING MA BRIDGE AND THE KAP SHUI MUN BRIDGE FROM $242 MILLION TO $270 MILLION.

TO

SECOND, IT APPROVED THE UPGRADING OF THE CONTRACTS RELATING THE CONSTRUCTION OF THE TSING MA BRIDGE AND DESIGN AND CONSTRUCTION FOR THE KAP SHUI MUN BRIDGE AND THE VIADUCT ACROSS MA WAN ΤΟ CATEGORY A, AT AN ESTIMATED COST OF $8.87 BILLION.

THIRD, IT APPROVED THE FUNDING OF CONSULTANTS FEES FOR THE DESIGN AND PREPARATION OF CONTRACT DOCUMENTS FOR THE REMAINING ELEMENTS OF THE FIXED CROSSING AT AN ESTIMATED COST OF $63 MILLION.

THE REMAINING ELEMENTS OF THE LFC, CONSIST OF THE FOLLOWING:

REMAIN IN CATEGORY B,

YI,

* A CONTRACT FOR THE CONSTRUCTION FOR THE EARTHWORKS OF THE

INTERCHANGE WITH ROUTE THREE ON NORTIIWEST TS ING ESTIMATED, AT MARCH 1991 PRICES, AT $815 MILLION;

* A CONSTRUCTION. CONTRACT FOR TIIF INTERCHANGE WITH ROUTE

THREE, ESTIMATED AT $620 MILLION;

* A CONSTRUCTION CONTRACT FOR THE HIGHWAY AND TOLL PLAZA ON

NORTHERN LANTAU, ESTIMATED AT $860 MILLION; AND

OF

* A CONTRACT FOR THE SUPPLY, INSTALLATION AND COMMISSIONING

A TOLL COLLECTION SYSTEM AND TRAFFIC CONTROL AND SURVEILLANCE SYSTEM COVERING THE FIXED CROSSING AND APPROACHES, ESTIMATED AT $610 MILLION.

ALL THE CONTRACTS

TOGETHER ARE ESTIMATED TO ADD UP

TO

$11.775 BILLION AT MARCH 91 PRICES.

THE GOVERNMENT WILL INVITE TENDERS FOR THE TSING MA BRIDGE THE END OF THIS MONTH AND FOR THE KAP SHUI MUN BRIDGE A MONTH LATER.

BY

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