Tonga to find an Investor for International Dateline Hotel
The Government of Tonga is launching a second market-sounding exercise in order to find potential partners for the renovation and management of the International Dateline Hotel following the end of negotiations with Tanoa Hotel Group.
The Minister for Finance and National Planning Dr. ‘Aisake Eke stated that the “development of the International Dateline Hotel plays a key role in the future of Tonga’s tourism industry and therefore Government is committed to finding a suitable private sector partner to undertake this historic project, and to ensuring Tonga realizes its potential through increased tourism and jobs for its people.”
The first tender process could not succeed in getting a suitable partner. Government has engaged IFC, a member of the World Bank Group, to assist Government in its marketing-sounding exercise to find potential partners.
Published by the Ministry of Finance and National Planning.
3 April 2014.
April 4, 2014 | Share: