Hong Kong-Zhuhai-Macau Bridge Agreement Reached
The new bridge will dramatically speed up connections between Hong Kong, Macau and Zhuhai
Hong Kong, Zhuhai and Macau have reached a consensus on the financing of the Hong Kong-Zhuhai-Macau Bridge linking the three places.
Once completed, the bridge is expected to be a major landmark which will enhance Hong Kong's connections with other cities and port facilities in the Pearl River Delta in southern China.
The Secretary for Transport and Housing, Eva Cheng, said the three sides agreed that the three governments would be responsible for the construction and operation of the boundary-crossing facilities and connecting roads to the bridge within their own territory.
"We agreed to share the amount of the subsidy under the cost-to-benefit ratio which takes into account the economic benefits to each side."
Improved cargo flows
Dr. Billy Mak of the Department of Finance at Baptist University told the South China Morning Post that the bridge was likely to lead to more cargo flow from western Guangdong Provence and Guangxi region to Hong Kong container terminals and the airport.
The bridge would also stimulate the development of North Lantau as a tourist zone.
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