The gross domestic product (GDP) of the Guangdong-Hong Kong-Macau Greater Bay area will reach US$4.62 billion by 2030, exceeding all similar areas in other countries, CLBrief reported recently.
The China-Lusophone Brief, a news service on China and the Portuguese-speaking countries, also wrote that on that date, the Greater Bay area will overtake the areas of Tokyo Bay as well as New York Bay.
The Chinese Greater Bay area includes nine cities in Guangdong, Guangzhou, Shenzhen, Zhuhai, Foshan, Jiangmen, Zhaoqing, Huizhou, Dongguan and Zhongshan, whose gross domestic product accounts for 85% of the province.
Two of the key parts of the construction of the Greater Bay are a high-speed railway between Guangzhou and Hong Kong, which started operating on 23 September and the bridge linking Hong Kong to Zhuhai and Macau, which is scheduled to open on 23 October and open to traffic the following day.
The Chief Executives of Macau, Chui Sai On and of Hong Kong, Carrie Lam are due to agttend the inauguration, as well as officials from Mainland China and Zhuhai.
The bridge, which connects the two banks of the Pearl River estuary, is the longest and most expensive ocean bridge ever to be built and is 42 kilometres long, cost US$17 billion and its construction began in 2009.
The costs of construction of the bridge, as well as related artificial islands and other facilities, were split between the parties involved, with the Hong Kong public treasury paying 42% of the total, Macau 13% and the province of Guangdong the remaining 45%.
This bridge and the high-speed rail line will help make the Greater Bay Area plan a reality so that all the cities involved are at within one hour of each other.
The bridge has a life expectancy of 120 years, its project had to respect standards in place in mainland China, Macau and Hong Kong, as well as ensure that the infrastructure could withstand the tropical storms that plague the region in the summer and possible collisions with ships travelling along one of the busiest shipping lanes in the world. (macauhub)