THE late Marama Tui Bua, Adi Ana Lalanabaravi, was hailed for her foresight and wisdom in establishing the Bua Investment Company Limited (BICL) to delve into business ventures for the province.
Bua Provincial Council chairman Alipate Radrodro said he was proud the company was finally participating in major government projects to bring in much needed revenue for the council.
"The BICL will be the mother company for other small investments and companies that districts within the province will involve themselves in," Mr Radrodro said.
"A major project that we will participate in is the construction of the Dreketi-to-Nabouwalu highway and plans are underway to purchase a stone crushing plant as a supplier of gravel."
He said this would be a joint business venture with the Chinese Railway Company.
"We are working closely with resource owners within the district regarding their consent for the extraction of gravel from their riverbeds," he said.
Mr Radrodro also said they would consult the iTaukei Land Trust Board and the Department of Environment for the issuance of a license to start operations.
"As part of the agreement the council will earn $2 from every cubic meter of gravel removed from the riverbeds," Mr Radrodro said.
"The money will be set aside to directly assist districts in projects that they wish to be carried out in their villages," he said.