From: Macau Business.com
The government has revised its budget for the first phase of Macau’s future light rail transit system to MOP11 billion (US$1.4 billion).
That represents a 47 percent increase from the previous 2009 budget, according to the Transportation Infrastructure Office.
The amount doesn’t include the two transport interchange facilities to be built in Taipa and Barra, estimated to have a combined cost of MOP1.3 billion.
The initial budget of the project, in 2007, was MOP4.2 billion.
The government explains the increase as being due to the rising currency exchange and continued optimisation and adjustments of route designs. The budget was also impacted by inflation, namely the rising costs of labour and materials, according to the Transportation Infrastructure Office.
The government expects the construction of the first phase of the rail transit system to kick off later this year, with trains starting to receive passengers by early 2015.
The first phase of the project will connect Macau, Taipa and Cotai and include a total of 21 stations.
~~~~~~~~ What a professional team?? 47% increase of the budget! They even haven't started the project, and let's see the final outcome, but I am pretty sure that they are big spender, and I think people would like to see where the money goes!
The government has revised its budget for the first phase of Macau’s future light rail transit system to MOP11 billion (US$1.4 billion).
That represents a 47 percent increase from the previous 2009 budget, according to the Transportation Infrastructure Office.
The amount doesn’t include the two transport interchange facilities to be built in Taipa and Barra, estimated to have a combined cost of MOP1.3 billion.
The initial budget of the project, in 2007, was MOP4.2 billion.
The government explains the increase as being due to the rising currency exchange and continued optimisation and adjustments of route designs. The budget was also impacted by inflation, namely the rising costs of labour and materials, according to the Transportation Infrastructure Office.
The government expects the construction of the first phase of the rail transit system to kick off later this year, with trains starting to receive passengers by early 2015.
The first phase of the project will connect Macau, Taipa and Cotai and include a total of 21 stations.
~~~~~~~~ What a professional team?? 47% increase of the budget! They even haven't started the project, and let's see the final outcome, but I am pretty sure that they are big spender, and I think people would like to see where the money goes!
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