Secretary for Development Michael Wong has said the Lantau reclamation project is likely to cost HK$624 billion. Photo: Dickson Lee

HK$624 billion Lantau reclamation project will be most expensive in Hong Kong’s history, but city will recoup costs, government says

  • Development chief Michael Wong dismisses concerns cost of Lantau Tomorrow Vision project will wipe out more than half of city’s fiscal reserves
  • Scheme will entail massive reclamation to build artificial islands and new transport network to create city’s third business district and housing hub
Topic |   Hong Kong housing

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Secretary for Development Michael Wong has said the Lantau reclamation project is likely to cost HK$624 billion. Photo: Dickson Lee
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The Lantau Tomorrow Vision project calls for the reclamation of 1,000 hectares of land and the building of three sea crossings. Photo: Reuters

HK$624 billion Lantau Tomorrow Vision housing project will have multibillion-dollar transport network built at same time

  • Government says it will adopt unprecedented development model for Lantau reclamation
  • But some express concern developers will take opportunity to monopolise rights to operate new tunnels
Topic |   Hong Kong housing

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The Lantau Tomorrow Vision project calls for the reclamation of 1,000 hectares of land and the building of three sea crossings. Photo: Reuters
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