TNAG-0508-FCO40-573-Construction-of-underground-railway-system-in-Hong-Kong-1974 — Page 149

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

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Pao.

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year

'Undirground Railway' letter of Intent is signed The Financial Secretary Hadden Cave and Japanese, Mitsubishi Consortium's representatives signed a letter of intent for bulding the first four stages of Underground Pailway'. The Financial Secretary said that he did not anticipate 17/2/74 that the final contract would fall through or twe years age

even slight rumours of Underground Railway' caused excitements in the Stock Market. Many people therefore pegged their hopes that Underground Railway! good news would couse a

buying spree in the stock Market. Unfortunately the market has become too weak, even when it has been decided to favour the Japanese in building the subway, the marked could not be sued bug back to life again.

frought

the

The construction of the "Underground Railway" will have beneficial effects on motong Kong

on economy and community. 20 is clear, the construction of the Cross Harbour Tunnel has been a tremendous help to the community after the 1967 commodity. Judging from

the fact that the cost of the Underground Railway ' is 30 to 50 times that of Cross Harbour Tunnel its effects on the community will also be 30 to 50 times bigger. Underground Railway system aims at helping Hong Kong's Public Transport in 1980

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The Chinese term for Underground Railway' is borrowed from Tarpan, and it is Coincident that the Japanese are asked to build it. The Japanese have the necessary, experience and they will meet Hong Kong requirements -

「地下鐵」意向書簽訂

財政司夏鼎基與日本三菱集團的代表 前日簽訂了一份關於談判建造及裝備集體 運輸鐵路首四期工程合約的意向書;雙方 將根據意向書談判鐵路之建造。財政司說

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