Operation and Management
On 8 March 2012, Worldwide Cruise Terminals Consortium was awarded the right to operate and manage the cruise terminal at Kai Tak. The consortium is required to pay the government a fixed rent of around HK$13 million for the 10-year operation. In addition, the government will receive a percentage of the operator's gross receipts as variable rent, with the percentage increasing from 7.3 percent to 34 percent as gross receipts rise. The grouping is made up of Worldwide Flight Services, Royal Caribbean Cruises and Neo Crown.
Read more about this topic: Kai Tak Cruise Terminal
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