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I'll help fund HK-Zhuhai bridge, says Stanley Ho 2.
High time to build bridges across Pearl River Delta
1. I'll help fund HK-Zhuhai bridge, says Stanley Ho STELLA
LEE and MAY SIN-MI HON, SCMP Sep 6, 2002
Tycoon Stanley Ho Hung-sun has pledged a personal investment in the proposed $15
billion bridge linking Hong Kong to Zhuhai and Macau. His commitment
to the project came after Hopewell Holdings chairman Sir Gordon Wu Ying-sheung
announced last week that he would seek private funding for the bridge, for which
he has long lobbied. Sir Gordon was reported to have sought financial
support from Sun Hung Kai Properties, Mr Ho's Shun Tak Holdings and a bank. He
has criticised the government for acting slowly on the project. While Mr Ho yesterday
confirmed he would invest in the bridge, he emphasised that the investment would
be personal. "Shun Tak is a listed company. It has to be accountable
to the shareholders. Without complete information for the moment, it can't commit
itself," Mr Ho said. He said he supported the project and hoped
it could soon be endorsed as it had been under discussion for almost 10 years.
But he said it was too early to say how much he would invest, saying
it would depend on when the Hong Kong government endorsed it and the performance
of the economy at the time. Mr Ho said Sir Gordon, a good friend, had
discussed the proposal with him several times. Secretary for Economic
Development and Labour Stephen Ip Shu-kwan said it would be good for the logistics
industry to build a bridge linking Hong Kong, Zhuhai and Macau. "From the
point of view of the logistics industry, it would be better to have the bridge
than having none," he said. "However, 99 per cent of the bridge
would be outside Hong Kong's territorial waters. It is not for us to decide to
build or not. The agreement of the central government and Guangdong authorities
is also needed." Mr Ip added he had not heard of plans to build
container terminals near the proposed bridge. His comments came after
Canning Fok Kin-ning, managing director of Hutchison Whampoa, which is a key port
operator, warned against any government subsidies granted by waiving the land
premium of any possible container terminals built near the proposed bridge.
He warned it would put Hong Kong's economy at risk. Mr Fok was
responding to a suggestion by Sir Gordon, who is chairman of the Hong Kong Port
and Maritime Board, to seek private funding for the bridge. Sir Gordon denied
he would seek government subsidies. Financial Secretary Antony Leung
Kam-chung has said that the bridge would be needed in the long term, but the government
was still studying its viability.
2. High time to build bridges across Pearl River Delta SCMP
Sep 6, 2002 Recently
revived plans to build a bridge between Hong Kong and the west bank of the Pearl
River Delta have been met with a mix of guarded optimism and sound scepticism
in Macau, which would immensely benefit from its construction, if it ever got
off the ground. Plans to construct a super-bridge linking Hong Kong
with Macau and the adjacent Zhuhai Special Economic Zone go back to the early
1980s. Little wonder that some in Macau cannot help thinking that the
latest proposal by Hopewell Holdings chairman, Sir Gordon Wu Ying-sheung, is once
again just ''pie in the sky'' talk. Others wonder whether the Hong Kong
government's cautious so-called ''long-term'' backing of the project might just
be intended to pour oil on troubled waters, at a time when Hong Kong's struggling
economy is desperate for uplifting news. However, few in Macau doubt
that it is high time to build bridges, both real and virtual, between the two
sides of the Pearl River Delta, led by Hong Kong and Shenzhen in the eastern region,
and Macau and Zhuhai in the western part. The ongoing controversy over
betting on horse-racing between Hong Kong and Macau, which could easily have been
avoided if both sides had shown some sense of good-neighbourly co-ordination,
is proof of a pressing need to bridge the existing gap between the two sides of
the estuary. In any case, the bridge construction would require very
close co-operation among all sides concerned to prevent traffic and immigration
flows from becoming unmanageable. Macau is already choked with traffic
by its nearly 120,000 locally registered motor vehicles that give the enclave
the dubious honour of having one of the world's highest car and motorcycle densities
- a whopping 4,634 per square kilometre, to be exact, according to figures for
June. According to local engineers, a way out of the dilemma would be
for Macau to co-operate with Zhuhai in the setting up of proper park-and-ride
services and transit-only parking facilities in its hinterland on the mainland.
Macau set a welcome precedent of trans-border infrastructure co-ordination
when in July it inked a 50-year agreement to lease a 2.8-hectare plot of land
from Zhuhai for its new land-border immigration and Customs checkpoint.
Macau's seemingly ever-increasing flux of tourists calls for new transport solutions.
About half of the 10.2 million visitors last year arrived by sea via
Hong Kong. The remainder entered Macau via the Zhuhai land border, which is less
than 400 metres long, and by air. A bridge linking Macau with Hong Kong
would reduce its heavy dependence on private ferry operators and raise the volume
of cargo and passenger movements through new modes of transport. Macau's
new mega-casino resorts and convention centres, scheduled to open by 2006, are
known to be eager to establish a direct transport link with Hong Kong's Disneyland
to facilitate the flow of tourists within the Pearl River Delta. In
the long term, a bridge spanning the estuary seems to be the best solution to
meet the challenge. A Chinese proverb, which was popularised during
Deng Xiaoping's reign, proclaims that the opening up of roads shall lead to riches.
One more reason to name the projected bridge after the Great Helmsman,
without whose far-sightedness the Pearl River Delta's two Special Administrative
Regions would, quite possibly, never have come into existence in the first place.
Harald Bruning (buttje@macau.ctm.net)
is the Post's Macau correspondent. . |  | 
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