THE Pearl South Pacific Resort and Spa launched its $82million marina development and apartment plan on Saturday.
Papua New Guinea Prime Minister Peter O'Neill launched the project in the presence of Fiji and PNG government officers and business stakeholders.
He said the unveiling of the marina development plan for the Pearl Pacific Resort by Mineral Resources Development Company (MRDC) was an example of capitalising on investment opportunities.
"I commend MRDC, Petroleum Resources Kutubu, and Mineral Resources OK Tedi for the strategic investment. I've been told that the Pearl Resort has a reputation as a popular destination for tourists," said Mr O'Neill.
Pearl Resort managing director Augustine Mano said they were happy with the investment.
"The new expansion will include 92 two and three-bedroom apartments which can be divided into a total of 126 rooms and sold as part of the inventory of the existing resort," he said.
"The Marina apartments will be centered around an exclusive pontoon marina development that will allow approximately 36 private mooring berths plus luxury superyachts berth on the river frontage."
He said it would be the first for Fiji and the South Pacific.
"Within the marina complex will be a bar and grill that will overlook the boats and marina boardwalk," he said.