As reported by Blog Macau Info, the Hong Kong-Zhuhai-Macau Bridge project may take 36-and-a-half years to break even, admitted the Governor of Guangdong Province.

Huang Huahua said in Beijing as a deputy to the National People’s Congress (NPC) that is currently being convened that the construction cost of the bridge may reach US$5.62 billion, while the ports and connection facilities will be assumed by the authorities of the three territories respectively.

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The activities of Macau’s gangsters, or triads are being kept in check by a plentiful market and the watchful eye of the Mainland government, according to a local university professor, reports Macau Daily Times.

Underworld figures that operate in casinos are being careful not to step out of line in fear of retribution from the Mainland government, Eilo Yu, assistant professor from the University of Macau’s (UM) department of government and public administration said yesterday.

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The Macau Science Museum near the Cultural Centre at Nape, which was expected to be completed in 2007, began to show its rough outlook.

The Science Museum, which was designed by the world renowned designer Leoh Ming Pei, is expected to cost approximately US$425 million.

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The former secretary for transport and public works, Ao Man Long who took a cool US$100 million in bribes and now is serving a 27-year jail sentence for serious corruption charges, admitted yesterday to having received money from companies including Seng Meng Fai.

Ao was a witness in his family’s trial and rejected claims that his relatives and wife had knowledge of what the former secretary was doing. Ao also told the court his family did what he asked without ever questioning him or the activities involving grand sums of money and offshore accounts.

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Rumors are flying that Rafael Hui Si- yan has his eyes on becoming Macau’s next chief executive. National People’s Congress Standing Committee member Dr Stanley Ho, who is in Beijing, was ominously silent about it yesterday.

The refusal by the “god of gambling” to say anything on the subject suggests that there is more to that rumor than meets the eye.

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The governments of Hong Kong, Guangdong, and Macau yesterday endorsed the financing scheme for bridges linking the three places and the massive project will soon proceed to public tenders. Macau’s casino magnate Dr Stanley Ho has said that he is interested in bidding for the project.

It is expected a number of state- owned enterprises will play a major role in building the bridges expected to cost between US$4-5 billion. The Hong Kong listed China Communication Construction Company and China Railway have a long history in building infrastructure projects in the mainland, Hong Kong and overseas.

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Posted in Development, Infrastructure, Macau Business, Macau General, Macau Government, STDM | SJM, Social and Politics, Stanley Ho 1 Comment »

The local government logged 3.962 billion patacas (US$495 million) in total revenue last month, up 37 percent year-on-year, the government said.

The latest statistics released by the government showed that a major share of the total revenue for January this year came from direct gaming taxes, which saw an increase of 30.9 percent year-on-year to 3.09 billion patacas (US$386 million).

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Despite blistery and snowy weather conditions, Macau still managed to increase visitor arrivals to 2,371,754 in January 2008, a year-on-year increase of 16.3%. Visitors from Mainland China (1,421,782) and Southeast Asia (109,738) grew by 23.0% and 58.2% respectively, while those from Hong Kong (581,860) decreased by 3.7%. Same-day visitors accounted for 52.3% of the total arrivals, at 1,240,119.

The majority of the visitors came from Mainland China and Hong Kong, which accounted for 59.9% and 24.5% of the total respectively. Among the Mainland visitors, 42.2% (600,324) travelled to Macao under the Individual Visit Scheme.

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