Motorists head through the reopened Cross-Harbour Tunnel in Hong Kong on November 27, 2019. The government has joined private-sector firms and financiers on past infrastructure projects, including cross-harbour tunnels, and could do so again on the Lantau Tomorrow project. Photo: AFP Motorists head through the reopened Cross-Harbour Tunnel in Hong Kong on November 27, 2019. The government has joined private-sector firms and financiers on past infrastructure projects, including cross-harbour tunnels, and could do so again on the Lantau Tomorrow project. Photo: AFP
Motorists head through the reopened Cross-Harbour Tunnel in Hong Kong on November 27, 2019. The government has joined private-sector firms and financiers on past infrastructure projects, including cross-harbour tunnels, and could do so again on the Lantau Tomorrow project. Photo: AFP
Richard Harris
Opinion

Opinion

The View by Richard Harris

Learn from Hong Kong’s past and let the private sector take the risk for Lantau Tomorrow project

  • Lantau Tomorrow has the hallmarks of a project governments want to avoid, with multi-decade risks, leaving the poor taxpayer to clean up the mess
  • Hong Kong has built big infrastructure projects through the ‘build, operate, transfer’ approach and can do so again without risking the city’s financial health

Motorists head through the reopened Cross-Harbour Tunnel in Hong Kong on November 27, 2019. The government has joined private-sector firms and financiers on past infrastructure projects, including cross-harbour tunnels, and could do so again on the Lantau Tomorrow project. Photo: AFP Motorists head through the reopened Cross-Harbour Tunnel in Hong Kong on November 27, 2019. The government has joined private-sector firms and financiers on past infrastructure projects, including cross-harbour tunnels, and could do so again on the Lantau Tomorrow project. Photo: AFP
Motorists head through the reopened Cross-Harbour Tunnel in Hong Kong on November 27, 2019. The government has joined private-sector firms and financiers on past infrastructure projects, including cross-harbour tunnels, and could do so again on the Lantau Tomorrow project. Photo: AFP
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Richard Harris

Richard Harris

Richard has pioneered Asian investment management at senior levels for companies such as JP Morgan, Citi, BNY Mellon and several start-ups. He has 40 years of experience in a full range of investment and capital markets activities. He is CEO of Port Shelter Investment Management.