AQUIS DELAY - it was going to happen

WORK to build the proposed $8.15 billion Aquis mega-resort has been delayed until 2016 with the opening possibly in 2020.
It would appear that since the closing of the EIS feedback from the locals there seems to be some backward steps by the government departments involved with the present objections listed in the feedback.
Not only that the finance has not been raised and nor has the government asked for any written guarantee that the banks and investors would agree to financing or backing this project and you would have thought that this would have been the government first objective.
Mr Fung made the following statement in the Cairns Post on Saturday September 27, 2014:....
"Mr Fung said he would not have any problem raising the finance for Aquis and already had flown potential investors to Cairns, including a friend and China Poly Group president Zhang Zhengao.
“We have not gone out looking for investors seriously as we still have yet to get all the approvals,’’ he said.
Mr Fung said those who had shown interest as “friends”, whom he would not name, and were “excited” about Aquis.
He said Aquis would be financed using a combination of private equity, public equity and debt.
“There are different kinds of debt. It’s still to early to see what is available on the market,’’ Mr Fung said".
Why would anyone especially the developer make all these promises about Aquis without firstly obtaining written guarantees that the finance is available... it just does make any sense at all.
He just doesn't have $8.5 billion dollars himself.