Answers to Possible Supplementary Questions
1. The Hong Kong Government is prepared in principle to
subscribe 25% of the Company's shareholding subject to the
formal approval of the Legislative Council of the Colony.
2. The shareholders including the Hong Kong Government
subject to the approval of Legislative Council will guarantee
the loan severally.
3. It is true that a French Finance House offered to
finance this project but in the event their terms do not
seem to have been as acceptable to the Tunnel Company as
the British terms.
4. The Export Credit Guarantee Department is covering a
loan for 75% of the Contract Value up to a maximum of
£14,000,000.
5.
The tunnel will provide a much needed traffic link
between Hong Kong Island and the City of Kowloon, a crossing
which up to now has been served only by vehicular ferries.
6. The Consulting Engineers to the project are the British
Firms of Scott and Wilson, Kirk Patrick & Partners and Freeman
Fox & Partners.
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