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amusement park, with an casino and restaurants, on that area.
Next day, Macau's government announced he wuold support that project, for three years, through various incentives, due to his touristic interest.
Sources from Macau Jockey Clube considered possible that races start again in the first days of February, before chinese New Year.
NEW TEXTILE AGREEMENT WITH USA
Textile
new bilateral the previous of a manufactured
exports for the United Sates have a agreement, after USA threatned to denounce agreement, due to accusations of "transhipment" products from China.US Customs Department accused 40. local dfactories of having no production capacity to fulfil their export quotas.
Macau's government promised to improve the control on China's - border and accepted a quota's reduction, in some categories of textile products.
GERMAN COMPANY PROJECTS A MONORAIL SYSTEM FOR MACAO
Macau's
government has signed a contract with a german company to study the feasability of building a suspended monorail in Macau.With around 30 thousand vehicules for less than 50 km roads, Macau has serious problems of traffic and parking.
of
This study should be ready in the first six months of 91, announced the under-secretary for Transports and Public Works Luis Vasconcelos.
GOVERNMENT TO INVEST. 800 MILLION ON A NEW INDUSTRIAL AREA
A new industrial rea to be developped on Taipa Island get 800 million patacas from the government, in order to build all the necessary infra-structures to set up high-technology companies.
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This decision follows a study from a consultant company- "Mckinsey": about Macau's economy, wehre is stressed the necessity of diversifying the local industry, too dependent traditional export commodities, like textiles and garments.
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