Source: Ginninderry
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The Australian Capital Territory’s bold push to annexe part of New South Wales through the addition of a new urban development precinct dubbed Ginninderry is becoming more complex after a key local construction firm went to the wall.
Subcontractors, creditors and clients were on Wednesday scrambling to find out where they stand after PBS Building collapsed and went into voluntary administration, owing at least $25 million and leaving a swag of builds in the ACT in limbo.
It is understood 45 dwellings are now under the control of administrators, but that the overall master planned community, consisting of four suburbs (two of which are yet to be named) will still proceed as will the movement of the ACT border.
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