Stanley Ho looks to bridge casino boost
Fanny W.Y. Fung in Beijing
Macau's casinos will gain the most from the proposed Hong Kong-Macau-Zhuhai Bridge, for which funding arrangements were decided on Wednesday, gaming magnate Stanley Ho Hung-sun said.
Mr Ho, chairman of Shun Tak Holdings, said yesterday the company would submit a construction tender for the bridge if there was an opportunity.
'The project will benefit all three places,' he said, 'Macau's passenger flow will increase, as the travelling time between there and Hong Kong will be shortened. In the past, even if you took the quickest ferry it would take more than an hour, but in future it will be a 20-minute car ride.'
Asked who would benefit most from the bridge, Mr Ho said: 'The casinos in Macau.' The funding arrangement between the three jurisdictions involved was reasonable, he said, and he hoped the bridge would be built as soon as possible.
Mr Ho, the Chinese People's Political Consultative Conference Standing Committee member from Macau, was speaking in Beijing. He also said former Hong Kong chief secretary and newly appointed CPPCC delegate Raphael Hui Si-yan - widely tipped to become a Standing Committee member - was a suitable candidate. 'He absolutely has the quality,' Mr Ho said. 'He was the chief secretary of Hong Kong and should be able to work here, and in Macau too.'
Mr Hui declined to comment on his CPPCC prospects. And he denied being involved in the standing down of Sun Hung Kai Properties chairman Walter Kwok Ping-sheung.
Mr Ho told reporters he would advise Mr Kwok, a fellow Standing Committee member, to fall in with his mother's wishes and restore good relations with his two brothers, strained in a recent disagreement.