Lantau first stage offshore reclamation to cost HK$150bLocal | 25 Oct 2018 5:06 pm
Development Secretary Michael Wong said today that the Lantau Tomorrow project's first phase reclamation alone would cost around HK$150 billion.
The government's ambitious project aims to reclaim 1,700 hectares in the waters off Lantau to accommodate 1.1 million people. The first phase of the plan will be to reclaim 1,000 hectares of land near Kau Yi Chau, RTHK reports.
Critics have slammed the project, saying it would cost around HK$1 trillion while the government has not released any overall cost estimate.
Wong said that his calculation for the Kau Yi Chau part is based on a reclamation contract the government awarded in January for work that is going on near Tung Chung.
He also played down the rise in price of sand needed for reclamation, saying the authorities were aware of the decreased supply in mainland marine sand. But officials had managed to get a pact to hedge against price fluctuations, he said.
The minister said construction waste can be a main source of reclamation material. But when asked why such waste only amounted to about 10 percent of what was used for the third runway project, Wong said that's a question for the Airport Authority.