TNAG-0565-FCO40-660-Construction-of-an-underground-railway-system-in-Hong-Kong-1975 — Page 23

M

DEM 11

INT L TENDERS FOR H.K. SUBWAY SLATED FOR DEC.. JAN.

TOKYO, OCT. 25 WJIJI PRESS)--THE HONG KONG MASS TRANGIT RAILWAY COR FOR AT ION WILL HOLD INTEP NATIONAL TENDERS FOR A PROJECT TO BUILD AN EXTENDED SUBWAY NETWORK IN THE CROWN COLONY ON DECEMBER 19 22 \\VM) 29 NPT\ 15 22 AND 29 THIS YEAR AND JANUARY 5 RPT 5 NEXT YEAR

ACCORDING TO INDUSTRY SOURCES HERE.

FROM JAPAN, EIGHT FIRMS ARE EXPECTED TO PARTICIPATE IN THE BIDDINGS, INCLUDING KUMAGAIQUMI CO., MAEDA CONSTRUCTION CO., MITSUI CONSTRUCTION CO. AID HAZAMA-GUMI LTD.

KUMAGA IGUMI AND MAEDA HAVE ALREADY BEEN AWARDED

CONTRACTS FOR THE PROJECT AS A RESULT OF THE FIRST BIDDING HELD LATE LAST JILY.

THE JAPANESE FIRMS SUCCESS WAS ATTRIBUTED TO THE EXPORT - IMPORT BANK OF JAPAN S DECISION TO GIVE DEFERRED PAYMENT FACILITY TO THAT COUNTRY IN THE FINAL STAGE OF MEGOT LAT IO NG.

HOWEVER, THE SOURCES SAID, THE JAPANESE BIDDERS WILL FACE FIER CE COMPETITION FROM EUROPEAN FIRMS FOR FUTURE CONTRACTS, AS THE EUROPEANS REPORTEDLY INTEND TO OFFER A BIGGER CRED IT FACILITY THAN THE JAPANESE ONE. END JP

HKIOD

Tony

Buent.

PE

27 OCT 1975

NKK 21/4

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