TNAG-1604-FCO40-2211-Future-of-Hong-Kong-annual-reports-to-Parliament-on-Hong-Kon-1988 — Page 4

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Major Projects Undertaken by the Private Sector

(a)

(b)

(c)

(d)

Eastern Harbour Crossing being undertaken by a consortium comprising Japanese, Chinese, British and local interests at a cost of more than $3 billion which will be recouped over a franchise period running until 2016.

Tate's Cairn Tunnel at an estimated cost of $1.5 billion which will be recouped over a franchise period stretching past 2020. Six consortia, combining local and overseas interests, are competing for the right to build the tunnel.

Bank of China is investing heavily in a new headquarters building.

Chartered Bank is redeveloping its headquarters building at a cost of around $600 million.