CONFIDENTIAL
ANNEX B
KEY DATES FOR PROJECTS REQUIRING DECISIONS IN THE CURRENT FINANCIAL YEAR
Trafalgar House have asked for an indication of ECGD cover for their Anglo Japanese Consortium's bid for the Lantau Fixed Crossing by 15 November. (ECGD wrote around EGC about this on 28 October). A few days' slippage is no doubt manageable, but anything more would cause serious difficulty, as they need to discuss and agree financing arrangements with their Japanese partners in time to submit their tender on 16 December (the deadline). The Hong Kong Government have made clear that they are likely to give preference to tenders which include attractive financing proposals. If successful, the Anglo-Japanese Consortium would seek an ECGD commitment either at the end of this financial year or at the beginning of next.
Tenders for the next main project, the airport platform/site preparation (total value c £550 m), are due to be submitted in February 1992, and again indications of ECGD cover will be needed beforehand: Trafalgar House and Costanin lead one the six consortia which have prequalified, Balfour Beatty a second and Mowlem are part of a third.
- An indication for the Black Point power station may also be required before the end of March 1992.
CONFIDENTIAL
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