Macau (MNA) – The Secretary for Transportation and Public Works, Raimundo Arrais do Rosario revealed that the LRT line in Taipa will be set up “in near future,” either at the end of this year to the beginning of 2019 during a Q&A session in Legislative Assembly (AL) on Thursday.
What is known about the structure of the company is that is will have three shareholders, with the Macau SAR Government owning 96 per cent, the Industrial Development and Commercialization Fund owning 3 per cent and the Science and Technology Development Fund holding the remaining 1 per cent.
The Transport Bureau (DSAT) has not yet set the price for LRT tickets, according to the Secretary.
The design for the east line has been signed off by the DSAT on October 31 and will be completed in a 600-day period, which also includes time taken to perform a feasibility study, as well as design and engineering works.
According to the Infrastructure Development Office (GDI), the design for the LRT east line will cost almost MOP70 million (US$8.7 million) and will take 660 days as mentioned in the tender.
The construction of the Taipa line, which is set to open in 2019, has been estimated to cost some MOP10.8 billion by the Commission of Audit (CA).