People in Hong Kong create super chaebols

Su Cheng knew that there was no need for him to remind him that land would be reclaimed in the future.

However, he still hopes that the land reclamation project can be brought forward.

It would be best to give this project to him.

Because after land reclamation, the right to use this place will definitely be decided by him first.

The total area of ​​Cotai in the future will exceed 6 square kilometers, which is 6 times the size of the current industrial park.

With such a large piece of land, a new city can be built directly.

The difficulty of land reclamation in the area between Coloane Island and Taipa Island is much simpler than in other places, which means that the cost of land reclamation here is not high.

If he could get involved in the land reclamation project here, the end result would be low investment and high returns!

"Mr. Su, your proposal has actually been planned by our government a long time ago. As early as the 1920s, Haojing had already made this plan to fill the sea area between Coloane Island and Taipa Island into land and build a new town. However, due to funding problems, this plan has been delayed until today, and the plan has not yet started. Moreover, with Haojing's fiscal revenue, it is simply impossible to support this project." Izidi explained with a wry smile.

"Has your government ever estimated the funds to be used here?" Su Cheng asked curiously.

"The construction cost is different in each era. For example, decades ago, if this sea area was filled with land, it would only cost tens of millions of Haojing coins. But if it is now, the investment is estimated to have reached more than 500 million Haojing coins. With the development of the times and the continuous rise in prices, our costs are also rising." Izidi replied.

Su Cheng nodded. Hundreds of millions of Haojing coins were not too much for him, provided that he could use the land.

"Since the finances cannot afford it, has your government ever considered external bidding and handing over the land reclamation project to private enterprises? Haojiang is far behind neighboring Hong Kong in terms of population and economy. This is because Haojiang is too small and there is not much space for development. If the land is increased, it will be a good thing for Haojiang." Su Cheng continued to ask.

"We have thought about this issue. Some of the land in Haojiang has been reclaimed by some enterprises. But compared with the big enterprises in Hong Kong, the enterprises in Haojiang are not big in scale.

The sea area between Coloane Island and Taipa Island is so large that it is equivalent to creating another Taipa Island. With the strength of local enterprises, it is simply impossible to meet the conditions.

However, foreign-funded enterprises were not optimistic about the future of Haojing, so the project was naturally shelved.

As the entertainment industry in Macau continues to develop, several companies have become increasingly larger, such as the Grand Lisboa Hotel, which ranks among the top in Macau in terms of annual tax payments. Their own profits must be very good, and they should be able to come up with hundreds of millions of Macau coins.

The problem is that these entertainment companies are not in the engineering industry, and they are unlikely to take out the vast majority of their funds to engage in a project that will require them to invest almost the entire amount of their funds.”

When it comes to this issue, Izidi, the Governor of Haojiang, has a bitter look on his face.

The market in Haojing is too small, which makes it difficult for a giant-level enterprise to give birth there.

Even before Suzhou City invested in Haojiang, local businesses in Haojiang continued to move to other places.

To put it bluntly, apart from the entertainment industry, bosses with some strength all hope to go out, leave Macau, and develop in better places.

Hong Kong, Singapore, the United Kingdom, the United Kingdom, and even other Southeast Asian countries are the targets of many local entrepreneurs in Macau.

There is no way. The market in Haojing is too small and it is easy to encounter development bottlenecks.

Moreover, it is not as international as Hong Kong, which makes it difficult to develop into an international enterprise.

As a result, many business owners who encountered development bottlenecks chose to leave Haojing and pursue higher levels of development.

The entertainment industry is different. Gambling is prohibited in most places in the world.

Haojing has made use of this advantage to provide a stable pillar for its economy.

The entertainment industry often complements the tourism industry. Therefore, in today's Haojiang, the entertainment industry and the tourism industry are its two major economic pillars.

As for industry, it can only be regarded as the third largest economic pillar.

Hundreds of millions of Haojing coins are indeed too much money for Haojing.

The current annual fiscal revenue of Haojiang is only tens of millions of Haojiang currency.

Some of these funds will also flow to Portugal.

It is impossible for colonies not to be plundered by colonialists.

This results in less available financial funds in Haojing.

With the fiscal revenue of Haojing, how could there be money to carry out such a big project!

"Mr. Governor, if possible, I am more interested in this project." Su Cheng said with a smile.

Whether now or in the future, Haojing will be an area with a very high population density because its land area is too small.

The high population density and developed economy will eventually lead to very high land and housing prices!

If he invested in this land and obtained the right to use it, he would be rich.

My impression is that the per capita GDP of Haojing will be ranked among the top in the world in the future. This is enough to show how developed the economy of Haojing will be in the future.

Therefore, even though the housing prices in Haojing are lower than those in Hong Kong now, in the future the housing prices in Haojing will not be cheaper than those in the core area of ​​Hong Kong.

The investment of hundreds of millions of Macau dollars is just the land price. In the next 20 to 30 years, the return may be at least 100 times.

Moreover, hundreds of millions of Haojing coins are just a small sum for him now.

Izidi's eyes lit up. If he could push this project forward during his term of office, it would definitely be a help to his political achievements.

Although he is now the Governor of Macau, Izidi has always kept his eyes on Portugal, which is his homeland, and he also hopes to have a higher official position in Portugal.

And Haojiang is a good springboard.

The better he performs in Macau, the more it demonstrates his ability to govern.

So, for him, if the land reclamation project in Cotai can really be promoted, he would be willing to do it.

Anyway, it doesn’t require any money from the finance department, so why not do it!

Thinking of this, Yizidi said directly: "Mr. Su, if you are really willing to take on this project, as the governor, I will definitely support you with all my strength!"

"Mr. Governor, this is an expense of hundreds of millions of Macau dollars. If I take over the land reclamation project between Taipa Island and Coloane Island, can the government promise that after the project is completed, the right to use this land will belong to us? Of course, we will pay the land use fee as required!"

After getting Izidi's response, Su Cheng asked for his conditions again.

If the Haojiang government supports this condition, then he has secured this project, and no one can compete with him! (End of this chapter)