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HONG KONG AIRPORT : CORE PROJECTS
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LANTAU FIXED CROSSING
Description of Project The Tsing Ma (running Tsing Yi to Ma Wan) bridge: the very large rail and road suspension bridge linking Lantau Island to the mainland. 2,167 metres overall the main span is 1,377 metres - one of the world's longest suspension bridges. (The smaller Kap Shui Mun bridge and the Ma Wan Viaduct are considered separately see below.)
Client: Hong Kong Government (Highways Department)
Consultancies
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Mott MacDonald HK on design of bridge Kleinwort Benson financial study
Estimated Value : £5/600 million (now believed to be nearer $700 millicu).
Timing Bids were required by 16 December 1991. The contract is expected to be awarded in mid-1992, possibly as early as April/May. The aim is that work should start before the end of 1992 with completion scheduled for 1996 (?)
UK Interests/ Competitive Position Four pre-qualified consortia submitted bids in mid-December. The primary UK interest is in the Anglo/Japanese consortium including Trafalgar House and Costains. There is a smaller interest, through Kier, in a second international consortium also involving French, German and Australian interest. The four groups are as follows:
(1)
(2)
(3)
( 4 )
Dorman Long (Trafalgar House), Costain, Mitsui Bouygues, Dragages, Hochtief, Leighton, Kier Hong Kong, Franki Kier, Impregilo, Shui On, China State Construction Hyundai
Nippon Steel, Kobe Steel, Mitsubishi Heavy Industries, NKK Corp, Nishimatsu, Kumagai Gumi Co
Bankers/ Finance
Schroders is acting for Trafalgar House and the Anglo/Japanese consortium. There have been some approaches from BNP in relation to the consortium involving Kier. ECGD has given an indication of cover to the Anglo/Japanese consortium in relation to the UK value. Hong Kong Government required fixed price bids but also invited financing alternatives.
The
Comment Intelligence on the bids submitted in mid-December suggests (mid-January 1992) that the Anglo/Japanese consortium is well placed. The Korean bid appears to be lowest, but there are significant technical doubts about their bid; the all Japanese bid appears to be significantly the highest. Trafalgar House is pursuing the smaller bridge and along with 4 other pre-qualified consortia, received tender documents late 1991. The contract is to be awarded in the third quarter of 1992.
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