FIJI NEWS
October 29, 2009 12:00:00 AM
  Follow @ Twitter
The Housing Authority of Fiji aims to develop close to 10,0000 new housing lots over the next five years, with a long-awaited Chinese loan to fund a separate major development already under way outside Suva.

Authority chief executive officer Alipate Naiorosui said the authority had developed a five-year land and housing development plan to cater for a substantial increase in the demand for housing in Fiji.

Naiorosui said the authority would focus on new developments in the Central, Western and Northern divisions at an average of 2000 lots per annum.

“We believe we can do it if we are able to remove the obstacles or the supplier cost rates that are faced by us. To do that we need land and we’ve got lots of land with us to develop. We are also negotiating purchases or acquisition of new lands (in) centres where we don’t have land”.

He said the Exim Bank of China had this week approved the long-awaited $70 million loan which would fund the authority’s largest development project so far for between 8000 to10,000 people in Tacirua.

“As of today the Exim Bank of China has approved our loan and it is now before the Ministry of Commerce China. We are praying that these funds would be made available to us very soon. We are hoping to get this approval this month so that we could work with our consultants,” he said.

The housing development would include commercial centres, supermarkets, service stations and retail outlets, and, 10 to 12 industrial lots.

Tacirua east would comprise of mixed development of 1050 singular lots of low, middle and high-end lots for the 184 acres of land.

Wiggle


PREVIOUS STORY
Watch for the ditch, Reddy chides businesses
NEXT STORY
‘Risk factor affects stock market liquidity’

Post a Comment
Bookmark and Share

 


Posted Comments
No comments, but you can post the first comment!
   





Are you aware of what is required of you when casting your vote?
 Yes
 No


Poll Results: Current | Previous

Are you aware of what is required of you when casting your vote?
Yes
 0%
No
 100%



More Polls
Press Esc to close this window
BUSINESS
Vodafone Fiji, Tonga telco in allianceVodafone Fiji and Tonga Communications Corporation today signed a strategic partnership alliance that will allow the Tongan company to leverage off the experience of their Fijian counterparts.
SPORTS
7s reps to `perform then get contracts'Vodafone Fiji 7s coach Ben Ryan says players will have to prove themselves before they can be offered contracts.
WORLD
'Green'-tinted SUVs at Seoul Motor ShowGas-guzzling SUVs, eco-friendly electric cars and the odd brave attempt to marry the selling points of both are taking centre stage at the biennial Seoul Motor Show.
TECHNOLOGY
Vodafone Fiji, Tonga telco in allianceVodafone Fiji and Tonga Communications Corporation today signed a strategic partnership alliance that will allow the Tongan company to leverage off the experience of their Fijian counterparts.
ENTERTAINMENT
Tove Lo’s debut album Queen of the Clouds out Sept 26Tove Lo’s debut album, Queen Of The Clouds, is to release on September 26, featuring the latest single Not On Drugs, and the previous hit Stay High.
HEALTH/FITNESS
Clean-up day to curb dengue outbreakFiji's Ministry of Health has declared a clean-up day next Thursday for residents in the central division as it ups the tempo against a dengue fever outbreak currently experienced in the country.
NEWS SPORTS INFOTAINMENT SERVICES MOBILE EXTRA HOT TOPICS