Inside Asian Gaming

IAG SEP 2022年9月 亞博匯 65 專欄 cost of closing it. Some assumptions will need to be made here, especially when it comes to government-funded infrastructure. Unfortunately, the delivery of large-scale infrastructure projects on a timely basis has not been an SAR government strong suit in the past – remember Pac On ferry terminal and the Light Rail project? An important assumption may well be the expansion of the existing airport passenger movement capacity, though given current policy that is unlikely to be critical until zero-COVID is confined to the rearview mirror. An outcome which any analysis needs to demonstrate is the likely return to government, in the way of tax revenue, private direct investment (in conjunction with, or substituting for public expenditure), reduced transfer payments (for example, unemployment or small business support programs) and the macro-economic multipliers of non-gaming spend. As the first Tender Commission pointed out in its 2002 report, the fundamental principle behind concessions is the enhanced generation of revenue. If it cannot be enhanced by the grantee, there is no point Rather than try and cover all bases, a more productive approach may be to consolidate the criteria and focus on two or three [key] objectives. 與其嘗試滿足所有要求，更有效的方法可能是 鞏固基本盤並集中於其中的兩至三個目標。 先方與澳門之間無疑存在的差距。接下 來要解決的問題就是如何縮小差距，以 及縮小差距的預期成本。這裡需要作出 一些假設，尤其是涉及到政府資助的基 礎設施時。而遺憾地是，澳門政府在及 時交付大型基礎設施項目方面，從過去 來看並非其強項，還記得氹仔客運碼頭 和澳門輕軌項目嗎？一個重要的假設很 可能是基於現有機場客運能力的拓展， 但考慮到當前的政策，在清零政策被拋 諸於腦後之前都不太可能實現。 任何分析都需要證明的結果是，政 府可能獲得的回報，包括稅收收入、私 人直接投資（與公共支出相結合或替代 公共支出）、轉移支付減少（例如失業 人士或小企業支持計劃) 以及非博彩支出 的宏觀經濟乘數。一如第一個競投委員 會在其2002年的報告中所指出的那樣， 專營權背後的基本原則就是增加創造收