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Fiji Time: 12:23 PM on Thursday 21 August

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Fund chief reveals plans

Luke Rawalai
Tuesday, January 15, 2013

THE Fiji National Provident Fund (FNPF) has set its eyes on three major projects which would be part of its investment plan this year.

Speaking at the FNPF public consultations in Labasa last Friday, fund chief executive Aisake Taito said the projects were the construction of the Grand Pacific Hotel, development of Momi Bay which is expected to start next year and the subdivision of lots at Natadola.

"Plans are underway to complete construction works for the renovation of the Grand Pacific Hotel this year," Mr Taito said.

"We are also looking at developing Momi with works to begin next year as part of our efforts to make it lucrative for a suitable market.

"As part of FNPF's efforts to recover investment from the Natadola project, we have plans of subdividing and selling residential lots."

The projects are aimed at bringing in revenue for FNPF.

And, like every investment, Mr Taito said "we have to make our products lucrative and marketable in order to attract the right interest".

"Therefore, we will be developing these three projects to ensure they do bring back revenue to recover our investment," he said.


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