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| The latest design does not compliment either Cairns or Yorkeys Knob |
According to a spokesman they intend to complete a financial and funding models which will then be submitted to the government.
This project has become a "JOKE" and with this new move is more like putting the project on the back burner, in other words it's probably not going ahead because he has found his niche on the Gold Coast.
http://www.cairnsvideonews.com/2015/06/justin-fung-interview.html
http://www.cairnsvideonews.com/2015/06/gold-coast-sheraton-mirage-to-be-sold.html
With the financial situation in China and with the Baha Mar casino project filing for bankruptcy protection the chance of getting investors is not looking the best for the Fungs.
It appears that they are quite happy with the idea of the Gold Coast Resort and possible casino not being ruled out by any means.
Flooding on the intended site Yorkeys road
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| Flooding full area of site |
It's now close on 3 years since the Aquis project surfaced and as yet nothing has been started on the site, in fact the property is still owned by the original owners with the Fungs having first option to buy.
It is still interesting to note that copy of the planning and flood figures concept still hasn't been handed over to Prof. Jon Knott from JCU to compare data, one has to again ask why and how did they come to the conclusion that Yorkeys won't be affected by flood waters
It's also a concern after watching Channel 7's Sunday Night recently where business people in Charters Towers were taking Chinese business people around the Australian farms that the banks had foreclosed on and then listen to what they had to say:
Buy the farms breed cattle for the meat for the Chinese people...
Have their own slaughter house to process the meat...
Have their own transport to transport not only the meat but also coal to their port in Townsville....
Have their own port, loading docks and using Chinese ships to transport goods and coal to China.
So what hope do the Australians have of work prospects? really zero and the governments are allowing it to happen.
There will be very little prospects of work being available on the casino projects as Chinese workers will be bought in to work the projects and with the new trade agreement between Australia and China the 457 visa can be changed with a stroke of a pen.
Tony Fung should just come out and say the Yorkeys Aquis project isn't going ahead and the government after all that has happened should say "thanks but no thanks"
I first came to Cairns in November last year and i knew AQUIS was cactus. The Chinese government had already started cracking down on officials spending corruption money in Macao. And I knew that most material for the project would come straight from China and under the new free trade agreement then the labour would too.
ReplyDeleteI spent many years in the building game in Cambodia and i know how it works. But here we are this morning with the local rag telling us that AQUIS and other projects worth more than 20 billion were in the pipeline. they ran the same story a few months ago and its all bollocks.