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Construction Starts on Macao Fisherman's Wharf
An inauguration ceremony was held in Macao Saturday for the construction of the Macao Fisherman's Wharf, a tourist facility covering an area of roughly 140,000 square meters at the southeastern tip of Macao Peninsula.
The lively ceremony was presided over by Edmund Ho Hau Wah, chief executive of the Macao Special Administrative Region (SAR), with the participation of people from every walk of life and ten movie stars from Hong Kong.
The wharf will be built into a tourist attraction with the combination of recreation, sight-seeing and catering, featuring unique ancient building culture, said Chow Kam Fai, president of the Macao Fisherman's Wharf International Investment Limited.
The total investment for the wharf, which is the largest tourist project for the SAR since Macao returned to the motherland at the end of 1999, is estimated at nearly 900 million patacas ( 112.5 million USdollars), according to him.
A 50,000-square-meter part of the wharf will be built on the land reclaimed from the sea. Work on the project is expected to be completed within two years. Chow expects the project to inject new vitality into the tourism industry, an economic pillar for Macao, and generate lots of job opportunities.
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