Bridge will require massive toll subsidies just to break even
It was very interesting to read Jake van der Kamp's Monitor column ('Bridge to Nevernever Land doesn't add up', March 3), about the economics of the Hong Kong-Macau-Zhuhai bridge.
I am also opposed to this bridge, but after reading this column even more so.
According to van der Kamp, to make the bridge profitable, the operator needs to make HK$13.15 million per day after costs. I will take this for granted.
Now, according to the Hong Kong government, there were 14.7 million vehicle trips across the border in 2005.
With the rigid licensing system I don't see much increase possible in this number. This amounts to an average of 40,274 trips per day.
Now if all those trips are now suddenly made on the new bridge, this means each driver will have to pay a toll of HK$327 per trip.
That is HK$654 per return trip. Trucks of course will have a higher toll, passenger cars less.