Loan bid outdoor fitness equipment ding for HK-Zhuhai-Macau Bridge now closed
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Loan bidding for HK-Zhuhai-Macau Bridge now closedPublished: 18 Feb 2009 17:51:54 PST
Feb. 18, 2009 (China Knowledge) - The Hong Kong Transport and Housing Bureau (THB) said that four banks have submitted bids for loans for the Hong Kong-Zhuhai-Macau Bridge project and that the bidding is now closed, the National Business Daily reported.

THB estimated that the main body of the 29 km length bridge will cost around RMB 37.6 billion, while the amount of bank loans required for the project has not been decided yet. THB did not give more details on the projects and refused to reveal whether the loan will mainly come from domestic lenders.

An unnamed source said earlier around RMB 21 billion in loans will be needed for the construction of the main body of the bridge, and the leading lender, very likely from mainland China, will be finalized by the end of this month.

The mega bridge will begin construction by 2010. After the completion, the overall competitiveness of the Pearl River Delta will be much enhanced.



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