NagaCorp’s project in Russia suffered more delays
“It’s a very challenging environment at times to work in”, the group Charmain said.
Russia.- The casino development of NagaCorp Ltd in the Russian Far East won’t be finished in the estimated time. The group’s chairman Tim McNally explained the main reason in an interview with GGRAsia.
“The current estimate for completion was towards the end of 2020. We had to transition to another construction company, so that delayed things,” he said.
He also remarked on the difficulties they have to work in such an environment. “It’s a very challenging environment at times to work in. Now winter sets in, so there’s always a slowdown period. We will pick back up and be full speed ahead come springtime”, he explained.
It is not the first time that the company has to change the deadline. In 2017, NagaCorp said it had some delays on that site because of an “archaeological dig after some artefacts were found” on the land. They said it would be finished in the first months of 2019, but finally, they extended it to summer 2019.
Naga Vladivostok is going to be a 592,000-square foot property in the Primorye Integrated Entertainment Zone (PRIE). It is expected to include a multi-purpose facility measuring 21,500 square feet and the second phase of the project, which includes a water park and outdoor pool, is meant to be completed sometime in 2022.
Besides the big inversion that they are doing in Primorye, the group is going to spend €3.2 billion in NagaCorp 3, a project three times larger than Naga 1 and Naga 2 combined that could be ready by 2025 in Phnom Penh, the capital of Cambodia.
