1,100 jobs to have early start

PUBLISHED : Saturday, 27 June, 1998, 12:00am
UPDATED : Saturday, 27 June, 1998, 12:00am

Seven works projects creating 1,100 new jobs will be brought forward by four to six weeks.

The news came after politicians and officials yesterday discussed speeding up infrastructure programmes to revive the economy.

'Both sides have agreed that works projects should be advanced,' said coalition convenor Allen Lee Peng-fei.

Tung Chee-hwa has said public works worth $235 billion are in the pipeline to help rebuild the economy.

The seven projects to be brought forward by streamlining the tender process will cost $2.4 billion.

The coalition demanded the process be changed to allow local companies a bigger share of the work.

'The system inherited from the colonial government favours British and overseas consortiums.

'The economy would recuperate faster if local companies could be given a bigger share,' said Democrat James To Kun-sun.

Mr To said the coalition also wanted to retain a level playing field.

Secretary for Treasury Denise Yue Chung-yee said World Trade Organisation rules required projects worth more than $55 million to be put out to tender.

'The tendering principle is to acquire the most cost-effective deal,' she said.