Phnom Penh's "Gold Tower" to be finished in 2019
Posted: Fri Nov 24, 2017 9:14 pm
Gold Tower has a troubled history. This is what the developer says, but there are still doubts...
November 23, 2017
Controversial building to be finished by 2019
- Construction of berated $240-million project Gold Tower 42 will resume early next year and is expected to finish by the end of 2019, according to an announcement made by the developer yesterday.
The project, developed by Yon Woo Cambodia, began in 2008 and has already been delayed three times: first in 2009, following the global financial crisis, and again in 2012. Construction resumed in 2013 and then stopped again in March last year. Despite these postponements the tower has reached 31 floors.
Yon Woo Cambodia – the company that owns the building – reached an agreement yesterday with Shenzhen Hongtao Decoration and Waiman Construction & Engineering to complete the project.
Kim Tae Yeon, president and chairman of Yon Woo Cambodia, told reporters after signing the agreement that the company will begin construction in early 2018 and complete the project by the end of 2019.
“I promise Prime Minister HE and the Cambodian people that the project will be ready by the end of 2019,” he said...
http://www.khmertimeskh.com/91836/
November 23, 2017
Controversial building to be finished by 2019
- Construction of berated $240-million project Gold Tower 42 will resume early next year and is expected to finish by the end of 2019, according to an announcement made by the developer yesterday.
The project, developed by Yon Woo Cambodia, began in 2008 and has already been delayed three times: first in 2009, following the global financial crisis, and again in 2012. Construction resumed in 2013 and then stopped again in March last year. Despite these postponements the tower has reached 31 floors.
Yon Woo Cambodia – the company that owns the building – reached an agreement yesterday with Shenzhen Hongtao Decoration and Waiman Construction & Engineering to complete the project.
Kim Tae Yeon, president and chairman of Yon Woo Cambodia, told reporters after signing the agreement that the company will begin construction in early 2018 and complete the project by the end of 2019.
“I promise Prime Minister HE and the Cambodian people that the project will be ready by the end of 2019,” he said...
http://www.khmertimeskh.com/91836/