The New Zealand consortium bidding to build the Pacific's biggest hotel project has secured a new deadline to finalise its contracts.
French Polynesian politician Teva Rohfritsch Photo: Supplied / Présidence de la Polynésie française
Kaitiaki Tagaloa is in line to construct a $US700 million part of the Tahitian Village complex in French Polynesia.
After winning the bid last year, Kaitiaki Tagaloa missed a 200-day deadline in March to produce the guarantees for construction to begin.
It was given a 45-day extension which lapsed yesterday, without any public indication of the difficulties to complete the documentation.
The French Polynesian agency overseeing the development has now issued a statement giving Kaitiaki Tagaloa until the end of next month to conform with the administrative requirements.
The Tahitian Village project includes several three-to five-star hotels and apartment complexes, totalling more than 1500 units.
The consortium includes Kaitiaki Property, Iwi International and Samoa's Grey Group, which already owns and runs five high-end hotels in Tahiti, Moorea and Bora Bora.
The head of the consortium is Tukoroirangi Morgan, who according to the French Polynesian government has been trying to get 17 Maori tribes from the North Island to be included in the hotel project.