After
6 months of waiting the EIS has finally been released, in over 4,000
pages and only six weeks to read and try to comprehend the contents.
The
period of reading should be at least 2 - 3 months as most people work and can
only read the contents at night so the pollies need to consider
extending the perusal time, however this won't happen because they are
so hell bent on getting this mega structure up and going and stuff you
all.
The
3 local politicians and the Cairns Post have NOT listed any unforseen
risks that may occur with the building of this mega structure, their
main concern is get it up and going and that in it's self is a real
concern as I have said in previous articles.
Many questions still need to be asked such as:
(1). With
no joint venture investor parties, a hotel operator of international
calibre nor an experienced casino operator there is absolutely no
evidence whatsoever that Mr Fung has
the financial capacity to deliver
this massive $8bln project himself. So before spending huge amounts of
public monies and time on evaluating the Aquis EIS why has the government not demanded Mr Fung provide assurance
that if the EIS is approved, licence granted etc he has underwritten
finance and can actually then deliver the project. This is usually
standard practice for substantial projects such as this. Simply if Fung
and this project is to be given any credibility as anything other than
‘pie in the sky’ we need to see a letter from lending agencies such as banks that they will make all monies available for the construction of Aquis if licences are granted.
(2). interesting to note the Mr Fung senior is the only shareholder.
As per 2. PROJECT PROPONENT
2.1 PROPONENT DETAILS
Name:Aquis Resort at The Great Barrier Reef Pty Ltd
ACN: 160204384
ABN: 95160204384
Postal Address: P.O. Box 419 Westcourt Qld 4870
ACN: 160204384
ABN: 95160204384
Postal Address: P.O. Box 419 Westcourt Qld 4870
Directors and Representatives details:
Mr Tony Fung Chairman /Sole Shareholder
Mr Justin Fung Director and Chairman of Australian Operations
(3). has Tony Fung ever owned or managed or operated a casino or resort?
(4).
how many "mega structures" has Flanagan's been involved with, we are
talking about a $8.5 billion project probably the largest casino/resort ever to
built in the world and using solely a small design architects business
for this project, one would think that more would be involved but
apparently not.
This comment doesn't take away any capabilities of the Flanagan consulting business.
(5).
the project was supposedly to be designed by AEDAS as stated by Justin
Fung, AEDAS are a well known company that specialises in large projects
like Aquis yet it would appear that Flanagan's is doing most if not all
the work.
Designed
by Aedas, the mega resort – to be completed by 2018 – is planned to
include nine luxury hotels, villas, a stadium, high-end retail shopping,
theatres, a golf course and one of the world’s largest aquariums – all
set by a giant 65-hectare lake.
Full story can be read by clicking on this link:
This is a world-wide architectural firm that designed the Venetian Sands casino in Macao.
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