TNAG-0767-FCO40-971-Supplies-of-electrical-power-for-Hong-Kong-Castle-Peak-power-1978 — Page 163

SCHEDULE

Reference No: BC7 57950

1.

SUPPLIER:

2.

BUYER/BORROWER:

3.

GUARANTOR:

4.

Balfour Beatty Limited

China Light and Power Company (or subsidiary)

to be decided

BRIEF DESCRIPTION OF PROJECT:

Supply, erection and commissioning of 400 Kv transmission system with sub- stations, overhead line and underground cable

5.

DETAILS OF UK CONTRACTUAL RESPONSIBILITY:

A

UK element

i.

goods

Brief Description

Value £

Switchgear, transformers, trans- mission line equipment

115,000,000

ii.

services

Expatriate labour and UK costs

5,600,000

iii.

provisional

sums (inc. CPA)

34,000,000

Sub-total

154,600,000

B

Local element

·

i.

local labour and basic building materials (viz. sand, cement and gravel)

3,300,000

ii.

locally manufactured goods and/or other expenditure

2,100,000

Sub-total

5,400,000

TOTAL VALUE

£160,000,000

6.

TERMS OF PAYMENT TO SUPPLIER:

From Loan

From Buyer Direct

%

%

UK element

85

15

Eligible EEC element

Other foreign element Local element

85

15