SkyCity Entertainment and NZ Government agree to declare COVID-19 a force majeure
SkyCity Entertainment Group has informed that the New Zealand government has declared COVID-19 a force majeure event and there will be changes in the proposed plan for one of the largest development projects in New Zealand. SkyCity had earlier indicated that the project for New Zealand International Convention Centre (NZICC) would not move as per the earlier schedule due to lockdown announced to control COVID-19 spread.
The New Zealand International Convention Centre (NZICC) had been delayed last year after fire in the complex. The force majeure clause allows certain terms of an otherwise legally binding agreement to be ignored because of unavoidable circumstances.
New Zealand International Convention Centre (NZICC) complex will be hosting the Asia-Pacific Economic Cooperation meeting next year. Once the situation returns to normal, SkyCity could allocated more resources for the project but it is still not clear if the project would be ready in time for the event.
SkyCity and construction company Fletcher Building has not commented if the project would be ready.
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