The island, home to about 4,000 people, is very close to Macau.The plans call for oil and gas terminals, entertainment centres and a branch of Macau's university to be accessed by tunnel.
Development planning for the complex cross-border project has been under way for the past decade.
Debate has been controversial due to the differing legal and political systems between China and Macau.
Macau is a former Portuguese colony which has now been granted autonomy under Chinese sovereignty.
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