3. WU SAID HE WAS VERY SATISFIED WITH HIS COLLABORATION SO FAR WITH A NUMBER OF BRITISH FIRMS INCLUDING COSTAIN (WHO AS HOPEWELL/COSTA IN WILL BE THE PROJECT MANAGERS AND MAY CONSTRUCT CERTAIN PARTS OF THE HIGHWAY): OVE ARUAP AND EWEBANK PREECE. 1: MENTIONED THE TRAFALGAR HOUSE PROPOSAL. HE SAND HE WAS NOT IMPRESSED, HE DID NOT THINK TRAFALGAR HOUSE UNDERSTOOD HOW THINGS WORKED IN CHINA. THEY WERE WILLING TO INVEST ONLY IF THE BANK OF CHINA WOULD PROVIDE A GUARANTEE, BUT THIS WAS NOT THE WAY THE HIGHWAY WOULD BE BUILT: THE COST WOULD BE RETRIEVED FROM TOLLS AND THE NEAREST THING TO A GUARANTEE WAS THE AGREEMENT OF THE GUANGZHOU AUTHORITIES TO PROVIDE A SECOND MORTGAGE IF THE REVENUE IN THE FIRST FEW YEARS DID NOT COME UP TO EXPECTATION. TRAFALGAR HOUSE ALSO SEEMED TO WANT TO BE CONTRACTOPS BUT THIS WAS NOT ATTRACTIVE BECAUSE THE CHINESE THEMSELVES WOULD WANT TO DO THE WORK: WHAT WAS NEEDED FROM OUTSIDE WAS EXPERTISE AND MANAGEMENT SKILL. HE SAID FLETCHER OF TRAFALGAR HOUSE WOULD BE COMING TO SEE HIM SOON.
4. WU SAID HE HAD DECIDED THAT THE HIGHWAY WOULD TAKE THE EASTERN ROUTE BUT THE PROJECT WOULD ALSO INCLUDE THE BOCA TIGRIS BRIDGE AND A ROAD SOUTH FROM THE BRIDGE TO ZHUHAI. THE MAIN HIGHWAY WOULD TAKE THREE YEARS TO BUILD AND THE BRIDGE AND RAOD TO ZHUHAN WOULD TAKE FIVE YEARS. HE THOUGHT THE BOCA TIGRIS AND THE 36 KMS TO ZHONGSHAN (WHICH WOULD ALSO INCLUDE THREE SMALLER BRIDGES) WOULD BE A GOOD PROJECT FOR A BRITISH CONSORTIUM. HE THOUGHT THE CHINESE AUTHORITIES WOULD WELCOME SUCH HIGH-PROFILE BRITISH INVOLVEMENT. HE SAW NO REASON WHY, IF THE BRITISH GOVERNMENT WERE WILLING TO ASSIST WITH SOFT MONEY, THIS SECTION SHOULD NOT BE NEGOTIATED RATHER THAN PUT OUT TO INTERNATIONAL TENDER.
5. #* HAVE TOLD MAISEY OF TRAFALGAR HOUSE OF MY CONVERSATION WITH WU. HE WILL BRING FLETCHER TO SEE ME NEXT WEEK. IS THERE ANYTHING YOU WOULD LIKE ME TO INJECT INTO THE DISCUSSION WITH FLETCHER?
6. HAVE YOU ANY VIEWS ON A BRITISH CONSORTIUM FOR THE BOCA TIGRIS BRIDGE - ZHUHA: ROAD? T WOULD HAVE TO BE A SINGLE PROPOSAL OF COURSE (WITH GOVERNMENT SUPPORT) AND THAT MIGHT REQUIRE ANOTHER ATTEMPT TO GET TRAFALGAR HOUSE AND COSTAINS TO TALK ABOUT THEIR RESPECTIVE INTERESTS IN THE HIGHWAY.
HOLLOWAY
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HMLNAN 5531
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