The CCAC has released the results of an inquiry into the land plot at Rua dos Pescadores where buildings no. 15 and 17 (commonly known as the “Leather Factory”) were located. In response to the fact that at that time the Administration accepted the maintaining of the status of the building already constructed on the grounds that it should not be subject to the declaration of invalidation arising from the corruption case of the former Secretary for Transport and Public Works Ao Man Long and the fact that the land use period was approved to be extended in and after 2018, the CCAC believes that they, to a certain extent, met the principle of useful and effective use of land and there were no apparent administrative illegalities or irregularities. Nevertheless, in the CCAC’s opinion, as the Administration did not, when calculating the premium for the aforesaid land plot, deduct the amount of the premium according to the amount already paid for the fulfillment of the original concession contract but according to a hypothetical amount of the premium payable by the current concessionaire if it had completed the architectural project of the previous concessionaire, such practice lacked consideration of logical reasonableness and fairness of interest distribution. Therefore, public works departments are suggested to seriously review the relevant practice and step up efforts to consolidate the premium regime in force so that the actual market value of the land of Macao may be reflected on the premiums and the precious land resources of the Macao SAR may be fully protected.

(https://www.ccac.org.mo/en/news_details/article/lhiz5nrt.html)