Source: CCTV.com
03-10-2008 10:13
Both the Hong Kong and Macao SARs have reached an agreement with the mainland's southern Guangdong province on how much each needs to pay in a funding scheme to build a key bridge linking all three.
The bridge will also connect Zhuhai in Guangdong province, to other regions in the Pearl River Delta, apart from slashing travel times to Hong Kong. (CCTV.com) |
It will also connect Zhuhai in Guangdong province, to other regions in the Pearl River Delta, apart from slashing travel times to Hong Kong.
The project will cost a total of close to 6 billion US dollars, with the two regions and Guangdong paying just under half of that, or 2.6 billion US dollars.
Of that amount, Hong Kong will stump up 50.2 percent, Guangdong 35.1 percent and Macau 14.7 percent.
The rest of the funds will be raised via bids in the private sector.
Operators will be given the chance to charge a toll for use of the facility for 50 years. This should allow them to make back what they've spent within 40 years.
Editor:Zhang Pengfei