XN000022-1994-05-20 — Page 18

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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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