The leaseholds of three plots of land, two of which are public bus operator Transmac’s bus depots, have been annulled because their leaseholders, the government says, failed to develop them within the legal period, according to yesterday’s Official Gazette (BO).
Of the depots, the larger one, covering an area of 4,081 square metres, is located in Ilha Verde, while the smaller one, covering an area of 3,754 square metres, is in Taipa’s Pac On industrial zone, according to the gazette.
The former was earmarked for a six-storey industrial building with a car park and bus terminus, while the latter was for a three-storey bus terminus, according to the gazette. The 25-year provisional concessions to develop the land, which were issued in 1988, expired in 2013.
