27 Jan 2006

Solomon Islands minister confirms plan for five-star hotel in Honiara

9:18 am on 27 January 2006

The Minister for Commerce and Trade in Solomon Islands Walton Naezon wants to re-affirm that approvals have been given to develop a five star hotel in Honiara.

The plan included a gaming room for 35 poker machines as part of the five star hotel development.

The Foreign Investment Board had approved the venture but a legislation change restricting casino licences to two at any one time has ruling out the gaming room component of the new development.

Papua New Guinea property developer Kostas Constantinou is meeting next week in PNG to decide the future of the project, as a casino license hasn't been issued yet.

The SIBC reports Mr Naezon saying the local planning board has approved the hotel plan, but the handing over of the land title and signing of the development plan are yet to be done.

He says the company had agreed to pay eight-point-two million dollars to the government for the proposed hotel site where the national arts gallery and the old government house used to be.