Pricey border

The government has authorised a MOP106 million (US$13.2 million) contract for the development plan of the new Guangdong-Macau border crossing (Qingmao Border), an official gazette release stated.
The release stated that the Chief Executive (CE) approved the new border project plan contract with Guangdong Nam Yue Group Limited, a group involved in construction, food supply, property investment, travel services and hotels.
A total of MOP78.66 million is to be paid to the company this year, with MOP49.1 million provided by the MSAR Government budget for common expenses and MOP29.56 million from the public investments budget.
The remaining MOP27.3 million is to be paid between 2018 and 2020.