TNAG-0425-FCO40-471-Construction-of-an-underground-railway-system-in-Hong-Kong-1973 — Page 40

(2)

C

II.

with the reservation previously entered on

behalf of the British Group in respect of

detailed civil works design capability.

It therefore affirms its willingness to

undertake detailed design based on the

overall system specifications laid down.

Contractual Arrangements

(a)

III. Pricing

The Anglo-Italian Group's position remains

as stated in Sir Douglas Clague's letter

of 20th July 1973.

The prices quoted are for a 20 Station scheme based on

December 1972 technology. Should the Steering Group

wish to vary this Requirement, alternative prices can

be readily provided.

V.

Export Credits/Consortium Finance

The answers already given in our earlier separate proposals

remain unchanged as therefore do certain differences in

respect of the British and Italian financing indications,

VIII. Interface with Consultants

This requirement is accepted and the previous British

reservations in respect of civil works is withdrawn.

PRICING

As you know, in approaching the several questions which arise in

connection with pricing, we have been caught between the