There appears to be a determination in the region that Polaris World must survive for the benefit of everyone within the region.
Needless to say they are a major employer in Murcia and it would appear that their diversification into running aspects of the resorts rather than simply being a construction company may be their salvation.
PW have now paid €9,000,000 to the Town Hall at Alhama which was owed in respect of permissions for the 3000 dwellings on Phase 1 at Condado. They have also issued a statement that they hope to resolve the liquidity problems within a few days.
It also appears that the Banks recognise that they are locked into the success of Polaris World and cannot afford to see PW fail in their own best interests.
Things are appearing hopeful that yet again PW will survive.
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