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MDLIAN 1857
THAN CLEAR. BALFOUR BEATTY HAVE TOLD US IN CONFIDENCE THAT THEIR SHARE OF THE LAND WORKS (''THE DRY SIDE'') IS 23 PER CENT BUT THEY HAVE NO PARTICIPATION ON THE DREDGING SIDE AND THAT THIS MEANT THAT THEIR TOTAL SHARE OF THE GROUP WAS AROUND 10 PER CENT. THE COSTAIN/TRAFALGAR HOUSE SHARE WITHIN THEIR GROUP MAY BE
HIGHER. WE HAVE SEEN LITTLE OR NOTHING OF MOWLEM BUT THEIR SHARE IN THE BOUYGES/DRAGAGE GROUP IS PROBABLY LOWER.
8. THE RESULTS OF THE BID ARE LIKELY TO BE ANNOUNCED IN LATE MAY
OR EARLY JUNE. BALFOUR BEATTY HOWEVER HAVE TOLD US THEIR BID INCLUDES A PROPOSED STARTING DATE FOR WORK ON 4 MAY. ON THIS TIME TABLE THE RESULTS STAND TO BE ANNOUNCED WITHIN A FEW WEEKS OF THE BRIDGE CONTRACT. THESE TWO OF COURSE ARE SUBSTANTIALLY THE LARGEST TWO CONTRACTS IN THE WHOLE AIRPORT COMPLEX.
9. PROSPECTS ON THE PLATFORM CONTRACT FOR UK FIRMS MUST LOOK GOOD IF THESE RUMOURED BID PRICES ARE CORRECT. SHOULD IT HAPPEN THAT BOTH THIS AND THE BRIDGE CONTRACT GO TO BRITISH LED GROUPS WE COULD EXPECT SOME VOCAL CRITICISM CALONG LINES ALREADY SEEN IN RESPECT OF THE BRITISH SUCCESS ON THE AIRPORT TERMINAL DESIGN CONTRACT), BUT THAT IS SOMETHING WE WOULD GLADLY FACE.
HEAP
YYYY
ΜΑΙΝ
84
DISTRIBUTION
91
.HONG KONG AIRPORT GENERAL
HKD
PUSD
ECONOMIC ADVISERS
ERD
FED
JOINT DIRECTORATE
LEGAL ADVISERS//MS BROOKS
.AND MS BARRETT
NEWS D
PLANNERS
RAD
PS
PS/LORD CAITHNESS
PS/MR LENNOX-BOYD PS/PUS
MR CROWE
SIR J COLES
MR MILES
MR BURNS
ADDITIONAL
7
PAGE
4
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