Hong Kongs Legislative Council approved HK$550 million funding request on December 4, 2020 to conduct feasibility studies for Lantau Tomorrow Vision, which is a mega project aimed at building residential areas on artificial islands. This is to be considered the citys costliest ever infrastructure project yet he Finance Committee voted in favour of releasing the cash to start the project. Suppose you are asked to conduct a feasibility study.

What kind of framework will you adopt? What kind of factors will you consider? What kind of data will you need? What kind of methodology will you adopt?