dearJulius.com

$hide=home

Hong Kong to build $79 bn artificial island

Hong Kong plans to build one of the world's largest artificial islands with an eye-watering $79 billion price tag, city officials announced Tuesday.


From Relaxnews

Hong Kong plans to build one of the world's largest artificial islands with an eye-watering $79 billion price tag, city officials announced Tuesday.

The government's proposal to reclaim 1,000 hectares (2,471 acres) of land around the territory's largest island, Lantau, has been touted as a solution to the pressing housing shortage in the city, which is notorious as one of the least affordable markets on the planet.

Authorities said they hope to start work on reclaiming land in 2025, with an eye on allowing residents to move to the island in 2032. 

The artificial island -- the city's most expensive infrastructure project to date -- would be four times the cost of building Hong Kong International Airport, which opened on Lantau in 1998, and far outstrip Dubai's famous palm-tree shaped Palm Jumeirah, which reportedly cost $12 billion to build.

The man-made island would be nearly three times the size of New York's Central Park and provide up to 260,000 flats, more than 70 percent of which would be used for public housing, the government has said.

But critics say the vast reclamation project is too costly and could damage the environment, especially marine life, with many also expressing frustration over the lack of a public say in the plans.

"When all aspects of Hong Kong's public services and facilities are on the brink of collapse, will the (Lantau project) -- as the government's panacea -- solve problems or create a bigger crisis?" pro-democracy lawmaker Eddie Chu said on his Facebook page.

He estimated the cost of the project could balloon to more than $112 billion by 2025, when reclamation work is expected to start.

Authorities are also planning to build another 700-hectare artificial island around Lantau, but have not released any further details about that project or its cost.

Lantau island is also home to a new mega bridge launched last year -- billed as the world's longest sea bridge -- connecting Hong Kong to neighbouring Macau and mainland China at a time when Beijing is seeking to tighten its grip on its semi-autonomous territories.

Thousands of people have taken to the streets to protest the plans for the artificial island.

Campaigners have also warned that the dwindling number of much-loved pink dolphins in waters surrounding Lantau may disappear altogether due to large-scale infrastructure projects.




|Featured Content_$type=three$c=3$l=0$m=0$s=hide$rm=0

Name

Animals,34,Featured,6,Fun,42,People & Places,88,Science & Tech,66,Sports,22,Top Stories,1,Video,5,
ltr
item
Kids Magazine: Hong Kong to build $79 bn artificial island
Hong Kong to build $79 bn artificial island
Hong Kong plans to build one of the world's largest artificial islands with an eye-watering $79 billion price tag, city officials announced Tuesday.
https://3.bp.blogspot.com/-QrOhtrrltUA/XJNKEtxt2sI/AAAAAAAAV3Y/U5yfPGGiWVIRIczXfNvTEXL4sVWLJ3CdwCLcBGAs/s1600/Hong%2BKong%2Bto%2Bbuild%2B%252479%2Bbn%2Bartificial%2Bisland.jpeg
https://3.bp.blogspot.com/-QrOhtrrltUA/XJNKEtxt2sI/AAAAAAAAV3Y/U5yfPGGiWVIRIczXfNvTEXL4sVWLJ3CdwCLcBGAs/s72-c/Hong%2BKong%2Bto%2Bbuild%2B%252479%2Bbn%2Bartificial%2Bisland.jpeg
Kids Magazine
https://kids.dearjulius.com/2019/03/hong-kong-to-build-79-bn-artificial-island.html
https://kids.dearjulius.com/
https://kids.dearjulius.com/
https://kids.dearjulius.com/2019/03/hong-kong-to-build-79-bn-artificial-island.html
true
6046647904154123973
UTF-8
Loaded All Posts Not found any posts VIEW ALL Read More Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share. STEP 2: Click the link you shared to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy