Ten local small enterprises have teamed up to invest about MOP600 million (US$75 million) into a marina. The joint-venture named Pearl Marina Macau Co applied to the government last month to develop a marina covering over 65,000 square metres near the Macau Science Centre, our sister publication Business Daily reports. The project has yet to receive government approval. One-third of the money to be invested will come from the company’s shareholders, one-third from bank loans and the rest from government loans. The marina is expected to have berths for over 120 yachts of various sizes, exhibition space, restaurants and a hotel with waterfront suites. Construction is scheduled to take up to four years. The development is aimed at yachtsmen and women, as well as passengers on yacht excursions from other places in the Pearl River Delta or further afield.
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