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The Macau Metro Monitor, March 4, 2011

 


GOVT AND MITSUBISHI SIGN LRT CONTRACT macaubusiness.com

Mitsubishi Heavy Industries (MHI) and the Macau government yesterday signed the contract for MHI to supply the system for the 1st phase of Macau's light rail transit.  MHI must be able to deliver within just 47 months, plus two months for trials.  The LRT project will create 4,000 jobs.

IRs SET TO BOOST S'PORE ECONOMY Channel News Asia

According to Senior Minister of State for Trade and Industry S. Iswaran, Singapore is on track to receive S$2.7BN annually from each Integrated Resort.  However, Iswaran cautioned that the government should expect the novelty of the integrated resorts to "diminish even as the IRs continue to roll out new attractions."


Meanwhile, the government said it expects 12-13MM visitor arrivals this year with tourism receipts hitting between S$22 BN and S$24 BN.