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Macao to Build Large Fisherman's Wharf
Construction work will start on September 15 on a fisherman's wharf, a tourist facility covering an area of roughly 140,000 square meters at the southeastern tip of Macao Peninsular.
This will be the largest tourist project in the special administrative region (SAR) since Macao returned to the motherland at the end of 1999, Chow Kam Fai, president of the Macao Fisherman 's Wharf International Investment Limited, told the press Friday.
The total investment for the wharf is estimated at more than 900 million patacas (112.5 million U.S.dollars). A part of the wharf, with a coverage of more than 50,000 square meters, will be built on the land reclaimed from the sea.
Chow welcomes companies to tender for the construction disciplines in the project, such as land reclamation, offshore piling, basement structure, platform structure and building services.
The wharf will be built into a tourist attraction with the combination of recreation, sight-seeing and catering, he said, adding that it will feature unique ancient building culture.
Work on the project is expected to be completed within two years.
Chow hopes the facility will begin to yield profits in 2010, saying that the number of visitors to the wharf is estimated at three million in the first year.
The project will inject new vitality to the tourism industry, an economic pillar for Macao, and generate lots of job opportunities, he said.
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