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PACIFIC PLACED AN ORDER LAST MONTH FOR ROLLS ROYCE ENGINES ON BOEING 777 AIRCRAFT WORTH POUNDS STR 300 MILLION. (NEITHER SUCCESS WILL BE QUOTED IN TRADE FIGURES FOR HONG KONG, BUT THEY ARE HONG KONG ORDERS, WON IN HONG KONG). THE ANGLO JAPANESE CONSORTIUM HAS BEEN AWARDED THE POUNDS STR 500 MILLION CONTRACT TO BUILD THE TSING MA BRIDGE CONTRACT. UK EXPORTS IN THE FIRST QUARTER WERE UP 31 PER CENT ON THE FIRST QUARTER IN 1991. THERE IS NO RECESSION IN THIS REGION.
5. THE REALLY BIG OPPORTUNITIES LIE WITH PROJECT BUSINESS. THERE ARE MORE LARGE PROJECTS IN HONG KONG CURRENTLY THAN ANYWHERE ELSE IN THE WORLD. THE FOLLOWING SUMMARISES WHERE BRITISH COMPANIES STAND ON SOME OF THESE.
(A) HONG KONG AIRPORT PROJECT
(I) MAIN (TSING MA) BRIDGE CONTRACT: THE SUCCESSFUL BIDDER FOR THIS POUNDS 500 MILLION CONTRACT WAS SELECTED LAST WEEK. THE CONTRACT WAS AWARDED TO THE ANGLO JAPANESE CONSORTIUM WHICH IS LED BY TRAFALGAR HOUSE (CLEVELAND BRIDGE) AND INCLUDES COSTAIN AND MITSUI.
(II) THE AIRPORT PLATFORM CONTRACT: AT AN ESTIMATED VALUE OF POUNDS STR 750 MILLION THE LARGEST OF ALL THE AIRPORT CORE PROJECTS. BECAUSE OF UNEXPECTEDLY HIGH DREDGING ESTIMATES AN ADDENDUM TO THE TENDER DOCUMENT WAS ISSUED ON 12 MAY, WITH REVISED BIDS DUE IN ON 25 JUNE. THE CONTRACT WILL BE AWARDED ON 1 AUGUST 1992. COSTAIN AND BALFOUR BEATTY LED GROUPS ARE BIDDING AND SEEM WELL PLACED.
(III) OTHER AIRPORT RELATED PROJECTS: SEVERAL OTHER MASSIVE AIRPORT RELATED CONTRACTS WILL BE AWARDED IN THE COURSE OF THIS YEAR, EACH WORTH HUNDREDS OF MILLIONS OF POUNDS. THESE INCLUDE A FURTHER CROSS HARBOUR TUNNEL IN WHICH COSTAIN, TARMAC AND POSSIBLY AMEC ARE INVOLVED, A SECOND LARGE CABLE BRIDGE FOR WHICH TRAFALGAR HOUSE AND COSTAIN WILL BE BIDDING, AND STAGE 1 OF THE NORTH LANTAU EXPRESSWAY WHERE AMEC IS WELL PLACED. A LITTLE LATER WILL COME THE RAILWAY LINK TO THE AIRPORT: THIS PROBABLY OFFERS THE BEST PROSPECT OF ALL FOR THE UK. NEARLY ALL THE ROLLING STOCK ON THE RAILWAYS IN HONG KONG WAS SUPPLIED BY METRO CAMMELL FROM THE UK. THIS COMPANY SHOULD BE WELL PLACED TO WIN THE CONTRACT FOR ROLLING STOCK FOR THE AIRPORT RAIL LINK, AS SHOULD BALFOUR BEATTY AND OTHERS FOR RELATED TRACK AND CATENARY WORK.
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