Gaming group Sociedade de Turismo e Diversões de Macau (STDM) was granted the concession contract to operate the Outer Harbour Ferry Terminal for five and a half years.
The period of contract, signed between the local firm and the SAR, can be renewed if an agreement is reached between the two parties one year before the contract ends, as the Official Gazette outlined.
STDM won the public tender by initiating the highest monthly remuneration, amounting to MOP1.8 million.
The contract also indicated that STDM would pay 30 percent of utility expenses for the terminal, including water and electricity fees.
Aside from these fees, the group will also pay a MOP20 million deposit to the Marine and Water Bureau (DSAMA) before the contract is signed – a guarantee that the contract requirements will be fulfilled.
The amount for the compensation can be revised according to changes that may occur in the commercial spaces.
The concession period will only commence sometime between January 1 and July 1.
STDM had owned the exploration rights for the terminal from 1993, however it expired without renewal in 2011. Since then, DSAMA Port Authority took control of the terminal’s operations.
Earlier this year, the local bureau noted that concession contracts for the cleaning, facility maintenance and management and operation of the commercial area of the Outer Harbour Ferry Terminal is provided by different companies.
Aside from STDM, local firms including Companhia de CCCC Terceiro Macau, Limitada and Grupo CSI, Limitada also participated in the tender, offering a monthly fee of MOP500,000 and MOP350,000 respectively.
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