Government eyes shelling out $227m for artificial islands

Project study will start in July.

According to Barclays, the Hong Kong Government proposed the funding of HK$227mn for the study on building artificial islands in central Hong Kong waters.

In his Policy Address in January 2014, Hong Kong Chief Executive proposed to build a third business district on the artificial islands in central Hong Kong Water, in addition to Central and Kowloon East.

Here’s more from Barclays:

Public consultation suggested that most people support the idea of housing development (particularly public housing), tourism and leisure facilities on these artificial islands.

The study will start in July 2014 and is expected to finish in three years.