Veteran Hong Kong investor proposes public-private partnership to fund controversial Lantau Tomorrow Vision plan

//Veteran Hong Kong investor proposes public-private partnership to fund controversial Lantau Tomorrow Vision plan

Veteran Hong Kong investor proposes public-private partnership to fund controversial Lantau Tomorrow Vision plan

A veteran investor has proposed a bold public-private partnership to finance the controversial HK$624 billion (US$80 billion) Lantau Tomorrow Vision project without depleting the government coffers, but analysts said the scheme has its drawbacks and called for greater public participation.The “Popular Public Private Partnership” put forward by Sing Wang involves setting up a company with an equity of HK$100 billion, with three-quarters to be owned by Hong Kong residents on a “one person one…

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By | 2020-11-16T14:05:41+00:00 November 16th, 2020|Business|Comments Off on Veteran Hong Kong investor proposes public-private partnership to fund controversial Lantau Tomorrow Vision plan