THE Fiji Sugar Corporation presented a cheque of more than $272,800 to the Ministry of Lands and Mineral Resources yesterday at the GCC complex in Nasese, Suva for the Seaqaqa Sugarcane Farm Estate 99-year land lease.
Ministry's permanent secretary Tevita Boseiwaqa said 1700 acres of land would be turned into a cane field.
Mr Boseiwaqa said the initiative was part of government's plan to make land available for productive and social purposes.
He said the land was mortgaged for the past 20 years.
"It's been idle and is not a small piece of land but 1700 acres of land. During the time it was idle and under mortgage, Fiji Development Bank was actually paying the lease."
The FSC and government had negotiated for the land which led to the signing of the lease document. FSC executive chairman Abdul Khan said more jobs would be created from the signing.
Mr Khan said they were able to secure the land for sugarcane with the help of the ministry and stakeholders.
He said land was an important asset in terms of moving the sugar industry forward.