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Technology Stocks : PCW - Pacific Century CyberWorks Limited
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To: ms.smartest.person who wrote (2098)1/5/2002 11:05:57 AM
From: ms.smartest.person  Read Replies (1) of 2248
 
NEC TO BUILD SMART CARD SYSTEM FOR HONG KONG E-GOVT PROJECT
Asia Pulse; Jan 4, 2002

HONG KONG, Jan 4 Asia Pulse - NEC Corp. (TSE:6701) is to build a smart card system slated to become the foundation of Hong Kong's electronic government.

This marks the first time that a Japanese firm has won an order for a public information-technology-related project from the government.

Hong Kong aims to issue smart cards to all its citizens as early as 2003 for identification and to speed tax payment processes, customs procedures and other government work.

For about 1.6 billion yen (US$12.15 million), NEC will digitize data for the 12 million ID cards that the Hong Kong government has so far issued and build a computer system for processing the data. The project is to be completed in about two years and delivered to the Immigration Department.

Some five major companies participated in the open bidding for the IC system project, including a subsidiary of the largest local telecommunications firm, Pacific Century CyberWorks Ltd. NEC subsidiary NEC Hong Kong Ltd. won the order in December for its system's fast data processing and other features.

Demand for such IT-related projects is expected to increase in Asia outside Japan, with Taiwan and Singapore also aiming to build e-governments. Competition over such projects is seen heating up among telecom firms in the U.S., Europe and other regions.

(Nikkei)

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