April 30, 2020 / 10:32 PM / a month ago

SkyCity says NZ agrees to declare COVID-19 a force majeure event for key project

May 1 (Reuters) - SkyCity Entertainment Group and the New Zealand government on Friday declared the coronavirus outbreak as a force majeure event for the New Zealand International Convention Centre (NZICC) project.

The casino operator said in a statement that all parties involved agreed there was significant risk that COVID-19 will continue to affect the construction industry and large projects like the NZICC for some time.

The NZ$703 million ($430 million) project is being built by New Zealand’s largest construction firm, Fletcher Building . The convention centre is slated to host the Asia-Pacific Economic Cooperation meeting in 2021.

$1 = 1.6345 New Zealand dollars Reporting by Shriya Ramakrishnan in Bengaluru; Editing by Maju Samuel

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