9 Jan 2014

Demolition of incomplete PNG hotel complex on hold

2:47 pm on 9 January 2014

Developers of an incomplete multi-million dollar hotel complex in Papua New Guinea have obtained an interim order restraining the Building Board Authority from demolishing the entire building.

CMSS PNG Limited went to court after the State and the National Capital District Commission gave it 21 days before they move in to demolish the building in Port Moresby.

The planned five-star hotel and casino has been under construction since 2007 after the site was controversially leased to a South Korean developer by the government.

The government also amended gambling laws to allow for the casino and gave the company major tax concessions.

However work stopped at the site in the city centre, with the company apparently running out of money.