Hong Kong-Zhuhai-Macau Bridge costs Macau US$412.7 million so far

1 February 2018

The Macau government has so far paid about 2.6 billion yuan (US$412.7 million) for its contribution to construction costs for the Hong Kong-Zhuhai-Macau bridge, Macau TV channel Teledifusão de Macau reported on Wednesday.

The channel added that the increase in costs related to construction materials and labour meant that the Macau government had to pay 590 million yuan more than originally planned.

The bridge construction project registered an estimated cost increase of 4.7 billion yuan in 2017.

The cost of the bridge was initially estimated at 38.12 billion yuan, when the tripartite agreement that made way for construction of the bridge was signed in 2010.

The increase in costs was lower than the authorities had estimated in November 2017, when the Infrastructure Development Office (GDI) said this figure could reach 11 billion yuan.

The Macau government has appropriated 2.57 billion yuan to cover its 12.59% share of bridge construction costs, according to the deputy coordinator of the GDI, in separate replies to two members of the Macau Legislative Assembly.

Of the three regions covered by this bridge, Macau has the smallest share in this project, as the percentage was decided according to the proportion of benefits that the new infrastructure would bring to each region. (macauhub)

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