CONFIDENTIAL
From: Chief Explosives Officer
Mines Division, Labour Department
To: Secretary,
Annex F
+
Central Tender Board (8) Your ref: in FT 171/78
Dated: 28th April 1978
A.
Tender for the Grant of Stonecutters Island Lot No.1 at Stonecutters Island for the Establishment of a Cartridged Water-Gel Explosives Manufacturing Plant
AUTHORITY
The Governor in Council on 28th June 1977 after Memorandum XCC(77) 47 (copies already provided to Members) was discussed ordered that the site should be offered for sale by restricted tender.
There are two companies tendering, Imperial Chemical Industries, Millbank London and Du Pont (Hong Kong) Ltd., a wholly owned subsidiary of E.I. du Pont de Nemours and Co. Inc. of the U.S.A. Both companies have imported and marketed in Hong Kong since 1974 through local agents cartridged watergel explosives of the type they propose to manufacture in the Stonecutters plant.
Во
DATES
(1) tenders sent to the two tenderers on 23rd March 1978 (2) invitation to tenderers closed on 28th April 1978
(3) sitting of Special Board on 8th May 1978
(4) submission of ExCo Memo to Council Branch on 12th May 1978 (5) award of tender approved by ExCo on 23rd May 1978
C. DETAIL OF TENDERS
Premium offered
I.C.I. Ltd.
$20,025,000
Du Pont (HK) Ltd.
$13,000,000
Both companies have elected under S.C.1 of the Tender to deposit 10% and pay the balance in 10 equal annual
instalments.
CONFIDENTIAL
No comments yet.
Private notes are available after approval.