"I've heard about it. It seems to be a newly built tunnel." Hong Jipeng also grew up in Xiangjiang. Even abroad, he pays close attention to the affairs of Xiangjiang. The tunnel is related to people's livelihood, so he naturally knows something about it.

"There are a total of three undersea tunnels in Xiangjiang, namely the Hung Hom Tunnel built in 1972, the Eastern District Tunnel a little later, and the Western District Tunnel just completed not long ago.

There is no need to talk about the Hung Hom Tunnel and the Eastern District Tunnel, because they have nothing to do with us. What we want to talk about is the Western District Tunnel.

Because it was completed the latest, the Western District Tunnel has the best hardware conditions and is also expensive. The Western Harbor Crossing Company responsible for the tunnel is worth about 10 billion Hong Kong dollars.

There are three major shareholders, namely Gangtong Holdings, which holds 40% of the company's shares, CITIC Pacific, which holds 20% of the shares, and Jiali Construction, which holds 20% of the shares.

The remaining 20% ​​of the shares are in the hands of retail investors in the market.

Needless to say, Gangtong Holdings and CITIC Pacific, what I want to talk about is Jiali Construction, which is a company under my name, which means that I own 20% of the shares of the Western District Tunnel.

I invested in the Western Harbor Tunnel at that time because the Hung Hom Harbor Crossing and the Eastern Harbor Crossing were jammed with traffic all day long and were slow to move. After the Western Harbor Tunnel is completed, this phenomenon will be greatly alleviated. It can be said to be a hugely profitable deal.

But what I didn’t expect was that the toll standard of the Western Harbor Crossing was set so high, more than three times that of Hung Hom and Eastern District, so that people in Hong Kong regarded the Western Harbor Tunnel as a tunnel for the rich.

Because it’s expensive, naturally fewer people go there.

The Hung Hom Harbor Crossing and the Eastern Harbor Crossing are jammed with traffic every day, while the Western Harbor Crossing is open all day long. You can drive from one end of the tunnel to the other without braking.

The Western Harbor Crossing has a designed daily traffic capacity of 180,000, which means that 180,000 vehicles can pass through it in a day. But now, only about 28,000 vehicles pass through it every day.

Although it is not a loss, the income is far lower than the expected target, otherwise the shares of West End Company would not be half dead, or even lower than the issue price."

"There are fewer cars passing through, so it's easy to deal with. All we have to do is lower the price. As long as the price is lowered to the same as the Hung Hom Cross Harbor Tunnel and the Eastern Harbor Crossing, even if it's just a little higher than them, there will be a lot more vehicles." Hong Jipeng said.

“I also know that the best and simplest way to solve the problem is to reduce prices, but the undersea tunnel is a public asset or part of public transportation, so it is easier to reduce prices than to increase prices.
Chapter completed!