Hong Kong Is Planning a $79 Billion Artificial Island
Faced with a critical land shortage, the city of Hong Kong is planning to build one of the most ambitious artificial islands in the history of the world, an extraordinary development project that would change the face of modern development.
The Lantau Tomorrow Vision project, which would cost $79 billion, would give the city an additional 1,000 hectares of land to build 260,000 new residential properties but the mammoth undertaking is generating stiff internal resistance.
According to CNN, a group called Save Lantau is pressuring the government to reconsider the artificial island, citing a price tag that would reportedly wipe out half the city’s financial reserves.
“(This) will be the most expensive, complex and riskiest infrastructure project in Hong Kong’s history,” the group said in a statement.