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'The expenditure estimate and land revenue receipt estimate are very crude at this stage. Some lawmakers have questioned the project's price tag, with New People's Party chairwoman Regina Ip calling the forecast for land sales 'too optimistic'. She added that one-third of the cost will be used for reclamation, while around half will be spent on building road links and railways.

This development project is a long-term investment for the future of Hong Kong, so we should not just have eyes on land sales revenue, but rather the economic benefits that will arise from the development,' Linn said. 'When it comes to infrastructure, we should not only have eyes on the and take it forward only when it's profitable. Development Secretary Bernadette Linn on Thursday defended the higher price tag for the government's artificial islands project, saying she expects the revenue generated by the plan to be higher than the estimated cost.Īuthorities have raised the projected cost for the artificial islands off Lantau Island to HK$580 billion – up from the HK$500 billion predicted in 2018 – while they expect to earn HK$750 billion from auctioning off land sites to developers.īut Linn told a Legco panel that the cost is not the only factor the government considers when pushing forward with development projects.

AOMEI Backupper Professional 7.3.0 instal the new version for android