HafenCity Hamburg is a project of city-planning where the old harbourquarters of Hamburg are built on with offices, hotels, shops, official buildings and residential areas. The project is one of the largest rebuilding projects in Europe in the 21st century. The area of the HafenCity used to be part of the free port, but with the decreased economic importance of free ports in an era of European Union free trade, large container ships and increased border security, the Hamburg free port was reduced in size, removing the current HafenCity area from its restrictions. When completely developed it will be home to about 12.000 people and the workplace of 40.000 people mostly in office complexes. The prospect for completion is not very clear but will probably be around 2020-2030.