TNAG-0207-FCO40-243-Construction-of-a-cross-harbour-tunnel--under-Hong-Kong-harb-1969 — Page 42

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PARLIAMENTARY QUESTION

C.

Mr. Humphrey Atkins (Merton and Morden): To ask the Secretary of State for Foreign and Commonwealth Affairs, what progress has been made by the Hong Kong Government with their plans for the construction of a tunnel between Hong Kong and the mainland.

5 May, 1969

The Hong Kong Government are prospective shareholders

only in a Limited Company known as the Cross Harbour Tunnel

Co. to which they have awarded a franchise for the construction

of a tunnel between Hong Kong Island and the mainland. That

Company having recently reached agreement in principle with

Lloyds Bank on the provision of loan finance are now proceeding

to detailed negotiations with a consortium led by Costain Civil

this Engineering Ltd. and hope that the Contract will be signed next

month.