TNAG-0772-FCO40-976-Modernisation-and-electrification-of-the-Kowloon-Canton-Rail-1978 — Page 70

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12173/2

HKI

INDEX

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PA

MO. 51

·3

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Action

How They p

16

HCFO @14/08

00 DO I DESKBY 081200Z

GR 125

CONFIDENTIAL

DESKBY 081220Z

FM BTC HONG KONG 080751Z NOV 78

TO IMMEDIATE D.0.1

TELNO. INDUS 185 OF 8 NOVEMBER.

NO DISTROBUZON

Tch + 2 005

002-

Диве кога leby HUGD

10

TRED (2) Dus9(2)

FOR BENJAMIN, 1IC DIVISION FROM LIPPITT,

CLADA

CREDA 2017 12 BTC CREDAS 326-328 : KOWLOON-CANTON RAILWAY (KCR).

1. I SAW THE GOVERNOR TODAY. HE REMAINS ANXIOUS TO HAVE AN

INDICATION OF METCAM'S ABILITY TO REDUCE THEIR PRICE BY ABOUT

POUNDS STERLING EIGHT MILLION BY THE END OF THIS WEEK. DEFINITIVE

REPLY IS THEREFORE REQUIRED HERE BY 1001002.

2. POSSIBILITY OF THE REISSUE OF TENDER BIDS (OPTION C IN

CREDA 327) IS NOW STRONGER BECAUSE HONG KONG GOVERNMENT MAY NEED TO RESCHEDULE THEIR MAJOR DEVELOPMENT PROJECTS. BUT

WE MUST BE PREPARED TO INDICATE THE DIMENSIONS OF A POSSIBLE REDUCTION IN CASE IT IS DECIDED TO PROCEED ON THE BASIS OF

THE CURRENT OFFERS.

MARCH