TNAG-0770-FCO40-974-Construction-of-underground-railway-system-in-Hong-Kong-1978 — Page 286

HOFO 007/13

RR DO T

GR 210

CYPHER CAT A

0515713

NO DISTRIBUTION

HKK 173!..

FM B.TC HONG KONG .1384462 RESHIVED IN RESTRY NO. 5T

19 JAN1973

DESK OFFI

UNCLASSIFIED

INDEX

No

COMMERCIAL IN CONFIDENCE-

TORTE POT R K129

HK + Z

de

TEED (2) PUSI (2)

DE

PA

STRY

ts.

Action Taken

see 8

TO ROUTINE DO T TELNO CREDA 14 OF 13 JANUARY 1978.

FOR OPG AND CRE4.

YOUR CREDA 7. MASS TRANSIT SYSTEM PHASE 2.

MY BEST ESTIMATE (OBTAINED IN CONFIDENCE) OF TOTAL VALUE OF CONTRACTS 301, 302, 303 AND 305 IS AT LEAST HK DOLLARS 1 MILLION. AS BIRCH OF ECGD WILL KNOW (SEE OUR EXCED 35 OF 12 DECEMBER NOT REPEATED TO YOU), GAMMON-KIER-LILLEY ESTIMATE THE EXPORT CONTENT OF THEIR PORTION OF THE MODIFIED INITIAL SYSTEM AS 27 PERCENT. THE MASS TRANSIT AUTHORITY ON THE OTHER HAND ARGUE THAT THE UK CONTENT IS 40 PERCENT. EVEN ON THE LOWER FIGURE, 1

SUGGEST WE CAN TAKE IT THAT CONTRACTS 301, 302, 303 AND 305 IN

PHASE 2 COULD TOGETHER GENERATE MORE THAN POUNDS STERLING

TEN MILLION WORTH OF UK GOODS AND SERVICES. INCIDENTALLY, 1 LEARN THAT HIP HING CONSTRUCTION CO. ARE REGARDED BY THE

TRANSIT AUTHORITY AS SATISFACTORY CONTRACTORS FOR STAGE 2.

MASS