Land-Starved Hong Kong Is Planning To Build Artificial Island? Details Here

    Date:

    Share post:

    To answer the pressing problem of the housing shortage, Hong Kong is planning to build the world’s largest artificial island with an eye-watering $79 billion price tag.

    Hong Kong is notoriously known as one of the least affordable markets on the planet. The island will be about 2,471 acres of land around the territory’s largest island, Lantau.

    The work on the artificial island will start in 2025. Residents are expected to move to the island in 2032. The island is expected to be nearly three times the size of New York’s Central Park and provide up to 260,000 flats, over 70% of which would be used for public housing.

    The island will be the most expensive infrastructure project to date. It will be costlier than Dubai’s famous palm-tree shaped Palm Jumeirah and will be four times the cost of building Hong Kong International Airport.

    However, all is not going well with plans as the Lantau Tomorrow Vision project is receiving flak from multiple quarters over environmental concerns and the whopping amount that will be siphoned off the city’s coffers.

    Greenpeace Hong Kong has even claimed that the government has ignored the cheaper as well as less environmentally detrimental solutions that it has provided.

    The other concern surrounding the project surrounds future proofing of reclamation projects given the rising global sea levels due to rapid climate change. However, the authorities claimed that the new island will be at least 19 feet above sea level, and will be designed in a way so that it can withstand super typhoons that are frequent occurrences in that part of the world.

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Related Posts

    Latest posts

    Haryana Government to Connect Under-Construction Global City Project With Delhi-Gurgaon Expressway

    The Haryana government is planning to build a 60-meter-wide road linking the Delhi-Gurgaon Expressway to the under-construction Global...

    Noida To Get 400-Metre Circular Skywalk at Sector 62/63

    A new 400-meter circular skywalk is set to be constructed at the busy Sector 62/63 intersection in Noida....

    India’s Data Center Capacity to Cross 4,500 MW by 2030 – Colliers Report

    India’s data center capacity across the top seven cities is projected to exceed 4,500 megawatts by 2030. This...

    New Elevated Road to Connect Greater Noida and Delhi-Meerut Expressway

    The Greater Noida Authority on Friday approved a proposal to construct a 4-kilometer elevated road. This road will...