The only major issue with the plan is that the entire coordination of the project is managed by some foreign firms. Coordination of such a huge project must be under the direct government authority...
Too much govt involvement should not be solicited. The foreign country you are talking about is Netherlands and the process they are trying to reclaim a submerged or underwater area by a method is called 'Polder.' Only the Dutch people possess the expertise in this field, and they are helping our country by directing our people to do how to do the job. We should appreciate they are spending their own money on these projects.