Weidner allocating 2.5 billion for casino resort infrastructure on Matsu

 

William Weidner, chairman and CEO of Weidner Resorts, said yesterday that they would allocate USD $2.5 billion for the support infrastructure, removing the biggest development obstacle that Matsu faces.  The money, part of a USD $8 billion fund for the entire project, coming from Bank of America, JP Morgan, Deutsche Bank and Credit Suisse, would mainly be used to upgrade the Beigan airport in Matsu so that it could handle larger aircraft such as the Airbus A320s and Boeing 747s.  In addition, a bridge connecting Beigan and Nangan islands in the Matsu chain, a ferry harbor and a yacht terminal will also be built, Weidner said.