SK
4. SANSOME'S WRITTEN FINAL OFFER WAS FORMALLY REGISTERED AND TIMME-STAMPED AT THE MEETING AFTER BEING CONVERTED INTO HONG KONG
DOLLARS FOR COMPARATIVE PURPOSES. HIS ASSESSMENT IS THAT RIDLEY, CHIEF PROJECT ENGINEER, WAS PLEASED AND SURPRISED AT THE EXTENT TO WHICH WE HAD BEEN ABLE TO MEET THE COMPETITION.
5. THOMPSON WAS TOLD OF OUR WILLINGNESS TO FINANCE A LOAN IN U.S DOLLARS WITH AN OPPORTUNITY TO CONVERT INTO HONG KONG DOLLARS
IF AND WHEN IT WAS FEASIBLE AND ACCEPTABLE TO DO SO. SANSOME WAS ABLE TO PROVIDE LAZARD'S WRITTEN CONFIRMATION OF THIS AND GEMMILL IS TODAY CONFIRMING THAT THE LENDING BANKS WILL ACCEPT PRE-PAYMENT OF THE U.S DOLLAR LOAN IF AND WHEN HONG KONG DOLLARS BECOME AVAILABLE. THOMPSON ATTACHED CONSIDERABLE IMPORTANCE TO THESE TWO GUARANTEES AS IT ENABLED HIM TO COMPARE OUR FINANCE OFFER WITH THE JAPANESE UNDERTAKING TO RECEIVE PAYMENT IN HONG
KONG DOLLARS.
6. THERE WAS SOME DISCUSSION OF ECGD'S OFFER BEING DEPENDENT ON
AN ORDER OF 220 CARS WITH THE OPTION TO CANCEL 70. THOMPSON SAID THAT WHILE MTR CAN ACCEPT THIS DEVICE IT MUST BE DONE BY MEANS OF A CONTRACTUAL SIDE LETTER AND HE WILL NOT BE PREPARED TO PAY COMMITMENT COMMISSION IN CONNEXION WITH FINANCE FOR THE 70 CARS
BEFORE THE OPTION IS CONFIRMED.
WITH
7. WITH BIDDING HAVING CEASED, TENDERERS HAVE BEEN WARNED THAT SOME BUT NOT ALL WILL BE REQUIRED TO BE IN HONG KONG DURING JANUARY TO FINALISE A LETTER DETAILING ALL THE CONDITIONS/ AMENDMENTS IN THEIR BID WHICH VARY FROM THE ORIGINAL MTR TENDER DOCUMENTS. THE FINAL DECISION OF THE MTR BOARD WILL BE TAKEN
ON 5 FEBRUARY.
8: FOR THE MOMENT WE CAN DO NO MORE THAN HOPE THAT THE DECISION
TO PUT IN OUR ROCK BOTTOM PRICE WILL BE SUFFICIENT TO MATCH THE JAPANESE WHO WE BELIEVE TO BE THE MAIN COMPETITORS. SANSOME'S ASSESSMENT IS THAT THE AUSTRALIAN AND CANADIAN BIDS MAY BE ELIMINATED BEFORE THE END OF DECEMBER.
9. I SHOULD BE GRATEFUL IF YOU AND DAVID ROYCE COULD ENSURE THAT THIS REPORT, GIVEN TO ME IN CONFIDENCE BY TONY SANSOME, IS USED ON A STRICT NEED-TO-KNOW BASIS.
10. MAY TAKE THE OPPORTUNITY TO THANK YOU FOR THE KIND MESSAGE
IN YOUR INDUS 326. WE ARE ALL DELIGHTED TO HAVE BEEN ASSOCIATED WITH WHAT WAS VERY MUCH A TEAM SUCCESS.
MARCH
་
No comments yet.
Private notes are available after approval.