Macau, China, 30 Sept – The Macau government is set to pay US$150 million (1.2 billion patacas) for a 1.1 square kilometre plot of land leased from the Chinese municipality of Zhuhai, bordering Macau, for a 40-year period, the Secretary for Transport and Public Works said Tuesday.
Lau Si Io said that the value of the plot fo land on Henqin island, located in front of the islands of Taipa and Coloane, was calculated by taking into account prices in Macau as well as the cpst of reclaiming land and compulsory purchases.
Lau Si Io added that Macau already had jurisdiction over the land and that it was being prepared and fenced off so that the new campus of Macau University can be built, with its conclusion scheduled for 2012.
Lau Si Io said that talks were underway with Zhuhai in order that Macau companies may be involved in construction of the new campus.
The Permanent Committee of the National People’s Assembly at the end of June approved the lease of around 1 square kilometre of Mountain Island to Macau to set up the future Macau university campus.
Despite being located on the Chinese mainland, the land will be under the jurisdiction and legislation of Macau and access to the campus will be via an underwater tunnel from Macau.
Work on the future campus is expected to cost between 5,000 billion and 6,000 billion patacas (between US$630 million and US$750 million), is due to begin at the end of 2009 and expected to be concluded within three years.
With the new complex, the University will boost its current capacity of 10,000 students to 10,000 students and, as well as halls of residence and entertainment areas, there will be room for eight faculties – as compared to five currently – and for several scientific research centres.
The project includes construction of 10 residential colleges, each with capacity for 500 students. (macauhub)