250 new taxi licenses opened to public tender

The Transport Bureau has invited bids for 250 new licenses, each covering the operation of a single taxi.
The 250 licenses will each be valid for eight years, and cannot be transferred or extended, according to the notice published in the Official Gazette this week. The bidding process, by public tender, is a response to the phased expiration of existing time-limited taxi licenses and increasing public demand for taxi services.
Bidders must be local residents and can submit only one tender for a maximum of one license. Individuals or groups of individuals are allowed to bid for the licenses.
The minimum bid price for each license is MOP200,000, and there is an additional 10 percent stamp duty. A bid deposit of MOP50,000 is required, payable either in cash or via bank draft.
The public tender documents are now available at the Transport Bureau’s Public Relations Office. According to a statement issued yesterday by the Government Information Bureau, submitted tenders will be opened at the IPM Multisport Pavilion, located at Rua do Instituto Politécnico, at 10 a.m. on April 17.