Modders are working on Half-Life 2 Remastered Collection with Valve's approval

It appears that a team of modders is currently working on Half-Life 2 Remastered Collection with Valve's approval. According to SteamDB, the team responsible for this Remastered Collection is the same one that developed Half-Life 2: Update. Now in case this rings any bells, it's the same remaster we mentioned...