We're building a super chaebol in Hong Kong

Su Cheng knew that he didn't need to remind them, as land reclamation would happen here in the future.

However, he still hoped that this land reclamation project could be advanced.

Ideally, the project would be handed over to him.

Because after the land reclamation, he would definitely have priority in deciding the usage rights of this area.

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

Such a large piece of land could directly be used to build a new city.

The land reclamation in the area between Coloane Island and Taipa Island would be much simpler than in other places, meaning that the cost of land reclamation here would not be high.

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

"Mr. Su, this proposal of yours has actually been planned by our government for a long time. As early as the 1920s, Macao already had this plan to fill the sea area between Coloane Island and Taipa Island to create a new town. However, due to funding problems, this plan has been delayed until today, and the plan has still not started. Moreover, Macao's financial revenue simply cannot support this project," Izidi explained with a wry smile.

"Has your government estimated the cost of filling this area?" Su Cheng asked curiously.

"The cost varies in each era. For example, decades ago, if this sea area was filled into land at that time, it would only require tens of millions of Macao Patacas. But if it is now, this investment is estimated to have reached more than 500 million Macao Patacas. With the development of the times and the continuous rise in prices, our costs have also continued to rise," Izidi replied.

Su Cheng nodded. Hundreds of millions of Macao Patacas were not too much for him, provided that he could use this land.

"Since the finances cannot bear it, has your government considered open bidding, handing over the land reclamation project to private enterprises? Macao's population and economy are far behind neighboring Hong Kong, precisely because Macao is too small. There is not much space for development. If the land increases, it would be a great thing for Macao," Su Cheng continued to ask.

"It's not that we haven't considered this issue. In fact, some of the land in Macao today was filled by some companies. However, compared to the large companies in Hong Kong, the scale of Macao's companies is, to be honest, not very large.

And the sea area between Coloane Island and Taipa Island is really too large, equivalent to rebuilding another Taipa Island. The strength of local enterprises simply cannot meet the conditions.

Moreover, foreign companies are not very optimistic about the future of Macao, so this project has naturally been shelved.

With the continuous development of Macao's entertainment industry, several companies have become stronger and stronger, such as the Grand Lisboa Hotel, which ranks among the top taxpayers in Macao every year. Their own profits must also be very good, and they should be able to come up with hundreds of millions of Macao Patacas.

The problem is that these entertainment companies are not in the engineering industry, and they cannot possibly take out the vast majority of their funds to engage in a project that would require them to invest most of their capital."

Speaking of this issue, Izidi, as the Governor of Macao, was filled with bitterness.

Macao's market is too small, which makes it difficult for it to give birth to a behemoth-level enterprise.

Even before Su Cheng invested in Macao, Macao's local companies were constantly flowing to other places.

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

And Hong Kong, Singapore, the United States, the United Kingdom, and even other countries in Southeast Asia are the goals of many local entrepreneurs in Macao.

There is no way, Macao's market is really 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 company.

Therefore, many business owners who encounter development bottlenecks choose to leave Macao and pursue higher development heights.

The entertainment industry is different, most places in the world ban gambling.

Macao has used this advantage to give its economy a stable pillar.

And the entertainment industry is often complementary to the tourism industry.

Therefore, today's Macao, 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 Macao Patacas is indeed too much capital for Macao.

Macao's current annual fiscal revenue is only tens of millions of Macao Patacas.

Some of these funds will also flow to Portugal.

It is impossible for a colony not to be plundered by colonialists.

This leads to even less available funds in Macao's finances.

With Macao's fiscal revenue, how could it be possible to have the money to engage in such a large project!

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

Whether now or in the future, Macao is a region with a very high population density, just because its land area is too small.

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

Therefore, don't look at the fact that Macao's housing prices are lower than Hong Kong's now, but in the future, Macao's housing prices will be no cheaper than those in Hong Kong's core areas.

An investment of hundreds of millions of Macao Patacas is only the land price. In the next two or thirty years, the return may be as high as a hundredfold.

Moreover, hundreds of millions of Macao Patacas is just a small amount for him now.

Izidi's eyes lit up. If he could promote the launch of this project during his term, it would definitely be a boost to his political achievements.

Although he is now the Governor of Macao, Izidi has always focused on Portugal, which is his motherland, and he also hopes that his official position in Portugal will be higher.

And Macao is a very good stepping stone.

The better he performs in Macao, the more it shows his strong governance ability.

Therefore, for him, if he can really promote the land reclamation project in Cotai, he is ten thousand times willing.

Anyway, it doesn't require the finances to pay, so why not!

Thinking of this, Izidi directly said: "Mr. Su, if you are really willing to take over this project, as the Governor, I will definitely fully support you!"

"Governor, this is, after all, an expenditure of hundreds of millions of Macao Patacas. If I take over the land reclamation project between Taipa Island and Coloane Island, can the government promise that the right to use this land will belong to us after the project is completed? Of course, we will also pay the land use fees that should be paid!"

After receiving Izidi's response, Su Cheng once again asked his conditions.

If the Macao government supports this condition, then he will handle this project, and no one can compete with him! (End of this chapter)