China: Beijing to pay for work on Zhuhai-Macau-Hong Kong bridge to begin

9 January 2009

Beijing, China, 9 Jan – The Chinese central government ahs decided to contribute 5 billion yuan to ensure that the bridge linking Zhuhai to Macau and Hong Kong could start being built at the end of the year, a deputy minister said in Beijing Thursday.

Du Ying, deputy minister of the State National Development and Reform Commission said that the central government was concerned about the economic situation in Hong Kong and Macau.

“We think that Guangdong and the two cities should work together to overcome the global economic crisis (…) which includes promoting the construction of cross-border infrastructures,” Du said.

The three governments agreed in February 2008 that Hong Kong would pay for 50.2 percent of the difference between the cost of construction and amount of private investment in the bridge.

Guangdong will pay 35.1 percent and Macau 14.7 percent.

Six months later the amounts agreed were changed to 42.9 percent for Hong Kong, 44.5 percent for Guangdong and 12.5 percent for Macau. (macauhub)