TNAG-1870-FCO40-2658-Relations-between-Hong-Kong-and-Macau.-With-map-1989 — Page 16

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Consul General DSTC

MINUTE

HKB 02014

Motilajer

A fairly small

96

project. The omnipresent

Stanley He is involved. It will incidentally,

Reference

spail a rather

rather pretty

little island, but I doubt Whether that matters to any one in

Mr Jammor Macao

NE 23/11

hu

(not read - anty of

interest 1)

RM 24/11

MACAU PORT

I paid a call on Avi Malamud, Chairman of the Executive Board of the Macauport Sociedade de Administração de Portos, on Friday 10 November.

1.

2.

The company has a concession to develop and operate a new port terminal and oil terminal on the east side of Coloane Island. They have a total of 35 hectares for this. Company ownership is 35% MARBUN (a Liberian off the shelf company, in effect half Wah Kwong Shipping Group Ltd the Chao family, for whom Malamud works and half Stanley Ho, through STDM. George Chao is Chairman of the overall Board.) 30% Macau Government, 12% Nam Kwong (Macau China Resources), 12% Eng Fuk (Macau hotelier) and 11% small holders.

3

-

-

Phase I, which will have berthing for one ship carrying 150 40 ft containers (smallish in serious container terms), will be operational by March and complete by July 1990. Phase II will be finished by 1992. So far the company plans to lease 3 or 4 container vessels, and contract a feeder service around the Pearl River Delta.

4.

There will be no tenders as little construction is involved and reclamation is ongoing. Equipment purchase research has been under way for almost a year. The company's immediate needs are fork lift trucks, a tug, quay cranes and a mobile harbour. I have sent telegrams hot foot to DTI to awaken UK industry. At Mombasa port there is a good selection of this sort of stuff mostly from the UK which Malamud is aware of. But we may be too late for Phase I.

5. The oil terminal concession can be sold on. BP are not in the running Shell very definitely is. Projected consumption (and it may well be a monopoly situation) for 1995 in millions of litres is

Inland

216.4

Jet fuel

279.4

Electricity fuel

286.7

Total

782.5

These figures are of course pure conjecture and they assume the airport is up, running and attracting business. Carriers' decision to uplift or not at Macau will (like vessels') be based largely on price (mainly compared to Hong Kong). I will talk with Shell.

/6.