We're building a super chaebol in Hong Kong
#341 - I can invest in construction
Su Cheng's mention of the Eastern District Subsea Tunnel, in terms of making money, certainly couldn't compare to the Cross-Harbour Tunnel, and even being profitable would be considered good.
The reason he proposed building the Eastern District Subsea Tunnel was naturally for his own benefit.
Su Cheng didn't have the idea of making big money by collecting tolls from the subsea tunnel.
Because, in Hong Kong, the only subsea tunnel that could make big money was the Cross-Harbour Tunnel.
However, the Cross-Harbour Tunnel had already been taken by Baochuan Wang.
Su Cheng had already had Yang Chaoye start large-scale development in Tseung Kwan O and Clear Water Bay Peninsula.
If the Eastern District Subsea Tunnel could be completed sooner, it would definitely be of great benefit to Tseung Kwan O and Clear Water Bay Peninsula.
Therefore, the Eastern District Subsea Tunnel must be built, and it must be completed as soon as possible, preferably a few years earlier than in his previous life.
In the future, as labor and prices rise, the cost of building a second subsea tunnel will only increase, so building it sooner can save a lot of costs.
In another world, Hong Kong's second subsea tunnel, the Eastern District Subsea Tunnel, had a total investment of more than 5 billion Hong Kong dollars from the start of construction to completion.
This cost was more than ten times that of the Cross-Harbour Tunnel.
And the time difference between the completion of the two was only seventeen years.
"Gentlemen, your ideas are all very good, I will submit these to the Planning Department, as for the final result, the Planning Department needs to study it carefully."
Governor MacLehose didn't explicitly support anyone's plan, but said a very official sentence.
"Governor, if the Planning Department chooses other plans, I can fully fund the construction of this tunnel between Kwun Tong Cha Kwo Ling and Quarry Bay on Hong Kong Island, I only need thirty years of operating rights!" Su Cheng said with a smile.
Back then, the Cross-Harbour Tunnel was also funded and built by Baochuan Wang alone.
"Mr. Su, that's not fair, it's not good to monopolize it. If it's to be built, I, on behalf of Swire Group, will invest in this second subsea tunnel, no matter where the second subsea tunnel is built," Shi Yueke, the Taipan of Swire Group, said directly.
"Yes, sole proprietorship is not kind, I, Jardine Matheson, will definitely invest, I want as many shares as Jardine Matheson can get!" Niu Bijian, the Taipan of Jardine Matheson, said quickly.
Shen Bi also represented HSBC Bank, saying that if a second subsea tunnel company was established, their HSBC Bank would also invest.
The construction cost of Baochuan Wang's Cross-Harbour Tunnel was 320 million, and it recovered its cost in just three years.
In the following years, as the traffic flow in Hong Kong increased, the Cross-Harbour Tunnel Company had huge profits every year, which were naturally seen by those bigwigs.
Therefore, they would definitely want to participate in the second subsea tunnel if they had the opportunity.
"Mr. Su's opinion, I will seriously consider it, please rest assured, but sole proprietorship is not very suitable. According to the estimates of our relevant departments, even if construction starts this year, it will take three or four years to complete, and the investment will reach more than one billion Hong Kong dollars. It is definitely not appropriate for Mr. Su to bear such a large amount of funds alone!" MacLehose said with a smile.
In fact, Su Cheng didn't worry about the site selection problem at all.
The Planning Department must have made a comprehensive consideration.
In his previous life, the second subsea tunnel was the Eastern District Subsea Tunnel, and this world must be the same.
It's just that the timeline may have been brought forward.
Moreover, although Su Cheng said that he could invest solely, he was actually more willing for everyone to invest together, because he knew that the second subsea tunnel would not be very profitable.
Therefore, it would be best if other giants volunteered to come in, helping him share the investment of funds.
Although Su Cheng no longer has financial pressure now, he can't just invest randomly. A few billion Hong Kong dollars is not a small amount.
Now that he has this strength, Su Cheng will of course push forward the construction time of the Eastern District Subsea Tunnel, because both Tseung Kwan O and Clear Water Bay Peninsula are important parts of his future plan.
The Eastern District Subsea Tunnel can bring a lot of benefits to Tseung Kwan O and Clear Water Bay Peninsula, the sooner it opens, the better.
"Governor, I was planning to find time to discuss the construction of the second subsea tunnel with you even if you didn't mention it. There are more and more cars in Hong Kong, and relying on only one subsea tunnel is seriously restricting the overall development of Hong Kong. Therefore, I hope this project will be implemented as soon as possible, preferably starting construction next year!" Su Cheng said directly.
Now, he has this confidence.
He is not only a super rich man in Hong Kong, but also the recognized richest man in the world.
Building a subsea tunnel is only beneficial to Hong Kong, so if Su Cheng asks for this project to be implemented as soon as possible, MacLehose, as the governor, will also treat this matter more seriously.
Otherwise, this matter may be delayed until seven or eight years later.
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"Mr. Su, I very much agree with your plan, I will fully support your plan!" Baochuan Wang said to Su Cheng with a smile at this time.
"I suddenly also think that Mr. Su's plan is very good, I very much agree with Mr. Su's plan!" At this time, Niu Bijian, the Taipan of Jardine Matheson, rarely supported Su Cheng.
He just said that he supported Shen Bi's plan, and in a blink of an eye, he began to support Su Cheng again.
Shi Yueke, the Taipan of Swire Group, glanced at Niu Bijian and said in his heart: "A true opportunist!"
Five people, now three people support Su Cheng's plan.
This will naturally make Su Cheng's plan more prominent.
"With your support, this project will definitely be implemented as soon as possible, so let's end here today. I have to go to the airport at four o'clock to receive a foreign state leader. I won't have dinner with you tonight, I'm sorry everyone." MacLehose said directly, MacLehose already knew what these people were thinking, and the purpose of calling them here today had been achieved.
Su Cheng looked at the time, it was only about three o'clock in the afternoon.
It was still early, and he had originally planned to talk to MacLehose about the large-scale development.
Developing Tseung Kwan O and Clear Water Bay Peninsula, although he is paying for it himself, definitely requires the strong support of the government.
However, since MacLehose was not free today, he also prepared to go back.
Just as Su Cheng was saying goodbye to everyone, preparing to return to the Su family villa in Barker Road, Niu Bijian, the Taipan of Jardine Matheson, stopped him.
"Mr. Su, wait a minute, I have something to discuss with you, I don't know if Mr. Su is free?" Niu Bijian pulled on Su Cheng's sleeve.
"Since Mr. Niu Bijian is looking for me for something now, I am naturally free, then let's find a place to sit down and talk." Su Cheng said with a smile.
He naturally knew clearly the reason why Niu Bijian was looking for him.
Since that's the case, then let's talk to him.
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