TNAG-2409-FCO40-3503-Hong-Kong-Port-and-Airport-Development-Strategy-(PADS)-Brit-1992 — Page 210

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Tender submissions

6.

Tenders

for the Tsing Ma Bridge were invited on a fixed

price, lump sum basis. Consortia were required bo submit

tenders on the basis of a full set of drawings and technical specifications prepared by the Government. They were allowed the Frendon to propose the method of supplying the suspension cables and the design and construction of the cable anchorages.

The tender prices of the four tenderers, which Lak,

into account modifications to their prices as

result ot

clarification of their tenders, are as follows-

Hyundai

Anglo-Japanese

HK International

All-Japanese

CTB assessment.

Prices in HK$ million

4,713

7,144

7,363

10,960

8.

Hyundai

We already explained on 16 April 1992 the financial problems Lacod. by

by Hyundai. Since then, Hyundai has not been-

remody its financial position and has not made any alternative proposals.

abla

9.

As is normal for such tenders, the Government has given every opportunity to put its financial position im

Our. ultimate requirements. of Hyundai were made in attempt to put them in a position where the Government

could have. confidence that their financial position would not

flyundai

order.

honest

CONFIDENTIAL

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