TNAG-0423-FCO40-469-Construction-of-an-underground-railway-system-in-Hong-Kong-1973 — Page 74

Amount of bid

BRITISH BID

HONG KONG MASS TIT SYSTEM

(Cqiversions at HK$13.0=£1)

JAPANESE BID

. ITALIAN BID

ANGLO/FRANCO/GERMAN BID

HKZ5321.6m (£409.4m)

includes escalation provision of

1.

hr 2.

HK3932.9m (£ 71.8m)

HKX5070m $90m) Standard equipment HK$4563m (£351m)

?

?

or 3.

Utility scheme

Amount of Export Credit

HK$3147m

(£242.1m)

includes escalation provision

Interest Rate

6%

exclusive of charges

HK84056m (£312m)

Fixed price including

escalation Variance in Cost + 22%

16%

2. 3.

HK83042m £234m)

63% inclusive of charges

61-61% inclusive of charges

?

French 61% (exclusive

of charge German 31% over

Bundesbank

rate

British 6% exclusive.

charges

Repayment Terms

over 12 years from completion of each stage viz over 42

174 years from 1 Jan 1974, with an assumed building period of 52 years).

NB In the latest submission the British group have provided for 12 years from the end of the four stages.

over 6-19 years from

January 1974

over 12 years from completion of all four stages

Franco/Germans: over 12 years from completion of each stage BUT will agree from completion of al four stages

Capitalisation of Interest

Building period

Not agreed

Agreed

Agreed

Will agree

?

?

54 years

5 years