The current estimated cost for the first phase of Lantau Tomorrow is HK$624 billion, but history instructs that the price tag is likely to be nearer HK$1 trillion, which would effectively wipe out all Hong Kong’s savings. Photo: Reuters
Richard Harris
Opinion

Opinion

The View by Richard Harris

To win Hongkongers’ support for the Lantau reclamation plan, officials should improve their maths – or their spin

  • The government’s calculations apparently show that spending what could be the city’s entire fiscal reserves to build artificial islands to solve our housing crisis would be worth it. The problem is, can we trust its maths?

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The current estimated cost for the first phase of Lantau Tomorrow is HK$624 billion, but history instructs that the price tag is likely to be nearer HK$1 trillion, which would effectively wipe out all Hong Kong’s savings. Photo: Reuters
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