TNAG-0424-FCO40-470-Construction-of-an-underground-railway-system-in-Hong-Kong-1973 — Page 273

Steering Group's. Requirement

VI. Other Finance

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(a) Equity is the client's responsibility.

(b) The consortium's financial advisers should be

prepared to assist if required (cf. I(e) above).

VII. Construction/equipment Aspects

(a)

The construction programme:

(i)

should be five years from the date of commencement of construction;

(ii)

5

Present Indications (as at 20th July 1973)

Japanese

Italian

A/F/G

British

Yes

Yes

Yes

Yes

Yes

Yes (medium- term loan

Yes

Yes

available up

to a maximum of HK$900 mn)

Negotiable

No (6 years)

Negotiable

Yes

No (6 years)

Yes

To some extent

Negotiable

0003160 G.F. 316

must be sufficiently flexible to meet minor interruptions (particularly in the case of delays in land availability).

(b) Labour requirements should be minimised.

Yes

Yes (about 4,000 for civil works)

Peak labour force approx. 6,000

Peak labour force approx. 10,000

(c) Training: The consortium should assist in

arranging and/or providing training facilities

Yes

Yes

Yes

Yes

for MTRC's staff.

(d) Test operations: Arrangements made for test

operations and acceptance tests for equipment must be satisfactory to the client.

Yes

Yes

Yes

Yes

VIII. Interface with Consultants

The consortium should be prepared to take over responsi- bility for detailed design as and when basic data and design parameters are available and performance speci- fications for E & M equipment are defined.

Yes

Yes (including

Yes

proposals for

Yes (but not for civil works)

design parameters

if requirca)

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