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Spending on public projects boosts Macau’s competitiveness

Chief Executive Fernando Chui Sai On said on Wednesday that the development of public infrastructure did help enhance the city’s competitiveness in the long term. Chui also said he was still considering whether to add the proposed renovation of the Grand Prix Museum to his policy address for next year. Chui spoke to reporters at […]

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Chief Executive Fernando Chui Sai On said on Wednesday that the development of public infrastructure did help enhance the city’s competitiveness in the long term.

Chui also said he was still considering whether to add the proposed renovation of the Grand Prix Museum to his policy address for next year.

Chui spoke to reporters at the airport, before departing for Beijing where he was set to meet the head of the capital’s Communist Party of China (CPC), Guo Jinlong, to discuss deeper co-operation between the two cities.

When asked by the media if it was reasonable that the government is launching a string of major projects amid a two-year decline in monthly gaming revenues, Chui said the development of public infrastructure would enhance Macau’s competitiveness in the long term.

“In the longer term, the development of infrastructure is a good way to provide job opportunities and boost the economy when there is an economic downturn”, Chui said.

The government said last week it was planning to revamp the Grand Prix Museum, a project that it expected to cost around MOP 300 million.

The government also said the renovation was expected to be completed in 2018.

When asked by the reporters about the need of renovating the Grand Prix Museum for MOP 300 million, Chui said that he would study the usefulness of the renovation project and then decide if it will be included in his 2017 Policy Address, adding that he will discuss the issue with Secretary for Social Affairs and Culture Alexis Tam Chon Weng.

(Macau News / The Macau Post Daily)

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