The opening ceremony for the Hong Kong-Zhuhai-Macau (HKZM) Bridge is to the held on Tuesday, October 23, according to a reported official announcement. The infrastructure provides for the first time a direct-line road link between Macau and the major international transport hub of Hong Kong International Airport, across the Pearl River Delta.
The Chinese central government’s Liaison Office in Hong Kong announced on Wednesday that the opening ceremony would take place in Zhuhai, reported the South China Morning Post newspaper. The media outlet said that China’s President Xi Jinping would attend.
The Beijing authorities provided no further details regarding the bridge. It was not clear whether the structure would open to the public on the same day.
The HKZM Bridge (pictured in an archive photo) spans 55 kilometres (34 miles) and is the longest sea-crossing bridge in the world. There have been claims it will slash journey times between Hong Kong, Zhuhai and Macau, so that any road journey between those places could be completed within an hour.
A three-day trial run of bridge operations by the governments of Hong Kong, Zhuhai and Macau began in late September. The drill tested the cross-boundary facilities and road links, according to authorities.
In late May, Macau’s Transport Bureau confirmed in a written reply to questions from GGRAsia that Macau casino shuttle buses would not be allowed to cross the HKZM Bridge. But the bureau said additionally that it was discussing with the city’s casino operators the possibility of the firms providing a joint shuttle service from the Macau boundary crossing area of the bridge into the city.
An aggregate of 100 local operators – 40 from Macau and 60 from Hong Kong – will have permission to run light vehicle passenger services between Hong Kong and Macau. Macau’s Transport Bureau announced the award of its 40-strong quota earlier this month.
One licensed bus service announced this week that it will take passengers between Kowloon, Hong Kong and several casino resorts of Sands China Ltd on Macau peninsula and Cotai. The service, “One Bus” revealed on Tuesday its planned route, fares and daily runs.
A number of investment analysts covering the Macau gaming industry have said it was unlikely that the opening of the new bridge would bring an immediate boost to casino business for Macau gaming operators. They cited complexity around the rules about who can use the bridge and the fact that visitor trends for Macau as a destination are not likely to change over the short term.
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”Many investors cite Golden Week as a catalyst to significant, sustainable visitation increases and a showcase for profitability for many casinos [in Macau]... However… we are concerned recovery estimates may again be pushed back”
Analyst at Roth Capital Partners