Trucks aren’t using Hong Kong-Zhuhai-Macau Bridge because rules are unclear, says Kerry Logistics chief George Yeo
- Sea crossing was touted as major part of China’s Greater Bay Area plan but commercial use remains low
- Logistics company boss says complexity of using bridge means firms are unsure whether it is cost effective to do so
Few trucks use the mega Hong Kong-Zhuhai-Macau Bridge because the rules are not clear, according to the chairman of Kerry Logistics Network George Yeo.
The former Singapore foreign minister said the company would wait for clearer rules before it decides whether to use the bridge, a key piece of infrastructure in Beijing’s “Greater Bay Area” plan to integrate Hong Kong and Macau more closely with Guangdong province.
The bridge is only one example of how a lack of detail in the State Council’s blueprint for the plan has left major businesses waiting before they respond.
“The details are very important. Right now we have the broad framework and the general idea [of the plan]. We have to go down now to the nitty gritty, to the specific details,” Yeo said.
“There is still very little cargo going across because the rules are not clearly settled with the customs authorities. I am sure it will be resolved within a few months. There are practical details about how to clear containers and where to clear them and the smoother it is the better.”
