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Proposed cruise terminal and
resort development (artist impression)
Picture: Gold Coast Bulletin
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Reported by E Travel Blackboard of Australia, that a Singaporean Company has decided to pull out of the mega-size Development Program for a Gold Coast Cruise Terminal.
"Singaporean company Sembawang has withdrawn their bid to develop the controversial Gold Coast cruise terminal following an announcement by Gold Coast Mayor Tom Tate indicating that the development would not incorporate a casino.
In a statement to ABC News on the weekend, Sembawang chief Ric Grosvenor said that the council knew from the outset that the Wavebreak project his company had expressed an interest in required a casino in order for it to be viable.
“I got hit in the face with this yesterday via a press release,” Mr Grosvenor said to the ABC.
“It would appear that Sembawang is being used as a stalking horse for some pot of gold in the tender process.
“Well we’ve got a completed projects portfolio of over 500 projects around the world and we underwrite these things and know what we’re about, so good luck to anyone else who is speaking to the mayor along those lines.”
Gold Coast Tourism CEO Martin Winter spoke to ABC Radio and expressed his disappointment at the withdrawal but said that he expected many hurdles in a project of such magnitude."
Continue article at: etravelblackboard.com
