Is Lantau reclamation project well justified?
Ejinsight 12th October 2018
Among all the policy initiatives proposed by Chief Executive Carrie Lam Cheng Yuet-ngor in her latest policy address, the “Lantau Tomorrow Vision” project is definitely the most eye-catching and controversial.
Under the proposal, the government will build several gigantic man-made islands east and north of Lantau and off the Tuen Mun coast.
Together, these huge artificial islands are envisioned to provide 1,700 hectares of land, where an estimated 260,000 to 400,000 new homes can be built to accommodate 700,000 to 1.1 million people.
If everything goes smoothly, these new homes would be available by 2032. According to government projection, the project would cost between HK$400 billion to HK$500 billion.
(This article appeared in the Hong Kong Economic Journal on Oct 11)