Is there a rule of thumb per m²/ft² for the pricing of land reclamation?
In coastal regions where the urban pressure is high, land reclamation is often a viable option, the price per m2 land reclamation being lower than the price of existing land. As the volume of dredged material increases thanks to new equipment, the price per cubic metre is reduced. At the same time as the cost per square metre of reclaimed ground rises as shown by case studies on cities such as Singapore, Shanghai and Rotterdam. Reclamation often pays. However, there is no rule of thumb per m² because specific circumstances (depth at site, sailing distance to borrow area etc.) have a large impact on the production an thus on price.
