Fiji Time: 9:15 AM on Sunday 24 July

Fiji Times Logo

/ Front page / News

$100m island resort

Serafina Silaitoga
Saturday, February 08, 2014

A $100MILLION five-star resort will soon be built in Savusavu with construction work to begin this year.

Headed by a group of American investors, construction work on Nawi Island Resort will begin with the marina which will cost $20m.

Nawi Island Limited executive director designs and construction, Mika Gann said the marina should open in two years time.

Mr Gann said Nawi, which was less than five minutes boat ride from town, had two separate islands and the marina would be built on the smaller island.

"We have been fortunate to receive some great support in the planning phase and with a bit more we could begin construction very soon.

"The marina will be the first phase of the project and will be a $20m project in itself and we plan to begin marina operations in two years. A world-class marina in Savusavu will bring money to the local economy and will create employment opportunities in many areas."

About 300 people are expected to be employed at the resort with 40 at the marina.

"We will not outsource labour for the construction but will use local Fijian workers and craftsmen in the building phase as well," Mr Gann said.

"The Fijian Government has been very helpful throughout the planning phase and it is with their support that this project is being made possible.

"Investors from the United States are prepared to bring substantial capital to Fiji to invest in the project."

Mr Gann said the marina could add $25m to the Fijian economy.

"We now know that more boats come to Fiji than New Zealand or Australia.

"The market is a $30m Fijian market and growing by 20 percent a year which is one of the fastest sectors of the tourist industry."

Mr Gann said they purchased the islands in 2005 and were to begin construction in 2008 when their bank, West LB (a German bank) went bankrupt during the global financial crisis.

"We were forced to postpone the project."








Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Westpac
Code Inward TTs Outward TTs
CAD 0.63610.6171
JPY 52.092749.0927
GBP 0.36630.3583
EUR 0.44060.4286
NZD 0.70100.6680
AUD 0.65150.6265
USD 0.48800.4710

from

$0.00

Exchange Rate updated on 22nd July 2016

Today's Most Read Stories

  1. Team loses balance
  2. Parents happy son is in heaven
  3. Sugar talk
  4. Usamate: No learning, you'll die
  5. Committee set up
  6. All equal
  7. Allegiance switch
  8. Warning over mill
  9. Call to heed complaints
  10. Group takes on cancer role

Top Stories this Week

  1. Ship runs aground Tuesday (19 Jul)
  2. God's call Monday (18 Jul)
  3. Sami's best try Saturday (23 Jul)
  4. Mum on rape charge Tuesday (19 Jul)
  5. Nakarawa steps up to meet Ryan's demands Wednesday (20 Jul)
  6. Nadro loses points Wednesday (20 Jul)
  7. Memorial service for couple Monday (18 Jul)
  8. 7s upgrade Monday (18 Jul)
  9. Local leads resort Monday (18 Jul)
  10. Radio announcer in court Saturday (23 Jul)