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Hong Kong-Zhuhai-Macao Bridge Analysis

1533 Words7 Pages

The regional economic impact analysis of Hong Kong-Zhuhai-Macao Bridge in Greater Pearl River Delta

1. Introduction
Recently, the Hong Kong-Zhuhai-Macao Bridge(HZMB) is nearing completed; however, this project has drawn the public’s attention due to its high cost. The HZMB consists a series of bridges and tunnels that will connect three major cities on Greater Pearl River Delta (GPRD) in China, including Hong Kong, Zhuhai as well as Macao. Although this construction project in ongoing, the expense incurred has already exceeded the budgeted cost. Therefore, it would be necessary to analyze its positive impact on economy to see whether the HZMB is worth taxpayer’s money. This essay will examine the economic impacts of Hong Kong-Zhuhai-Macao …show more content…

Based on a case analysis of South America, Fellin et al. (2001) point out that improvement of transportation conditions usually occurred together with significant regional impact. In this case, with the construction of HZMB, it will change the transportation network structure and layout of the Greater Pearl River Delta, so that the influence of GPRD on its surrounding area will become much more directly. Furthermore, the development of economy in this area will greatly attract both domestic and foreign investors, which means there will be more investment inflow. As the market in GPRD is becoming competitive, existing enterprises are more likely to be motivated to optimize their business competitiveness. For example, they may try to build closer relationship with foreign companies in order to expand their business; therefore, this trend can improve the international competence of GPRD at the same …show more content…

Firstly, the construction of Hong Kong-Zhuhai-Macao Bridge is helpful to deepen the economic integration in Greater Pearl River Delta. Secondly, it may also improve the competitiveness of whole GPRD. Thirdly, the impacts include the positive effect on Hong Kong’s leader position in Greater Pearl River Delta. Although this project is still in process, there is a prediction that in the long run the bridge may bring significant influence on the regional economy. And it is hoped that the Hong Kong-Zhuhai-Macao Bridge will lead the economy in Greater Pearl River Delta to a new

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