Doubtful project
Weather predictions have already announced that coastal cities will end up submerged under several meters of water in a near future, due to climate changes already showing as tsunamis like the Japanese one or hurricanes like Sandy.
How come they are planning to reconstruct that devastated area? it should be left as it is and use that money to build new houses in safer places.
All this wrong reasoning makes you wonder about human intelligence or should I specify, Politicians intelligence?