Adequate housing – Partnership to provide 3000 homes

A total of 3000 low and middle income families are earmarked to benefit from a public-private partnership (PPP) the Government has with the International Finance Corporation (IFC).

And developers are invited to register interest in a landmark housing project in Fiji, which will provide affordable, climate-resilient homes for these families.

The Government has therefore begun the process of engagement with potential developers of this crucial PPP project. Attorney-General and Minister for Housing and Community Development Aiyaz Sayed-Khaiyum said ensuring access to adequate housing was about more than any financial benefit.

“It is about supplying security, dignity, a sense of ownership, and optimism for families,” he said.

“This public-private partnership financing model with the IFC will allow for the construction of multi-story housing projects across Viti Levu. Rather than entrench residential inequality, these mixed strata-housing units will be made affordable for families at many different income levels.”

The International Finance Corporation (IFC), a member of the World Bank Group, is the lead transaction advisor to the Government for the project and is expected to mobilise an estimated $US200 million ($F439.6m) of private investment in the country.

IFC country manager for the Pacific Islands, Australia and New Zealand Judith Green said at a time when Fiji’s economy has experienced the dual shocks of COVID-19 and a spate of natural disasters, this landmark affordable housing project would contribute to mitigating the impacts of harmful climate change in Fiji and would help alleviate poverty.

“Amid a growing need for affordable housing in Fiji and across the Pacific, this public-private partnership will demonstrate the ability of the private sector to successfully develop these crucial properties, helping create a market in this important area. Affordable housing projects like this can deliver multiple benefits by lowering the burden of housing rent, increasing households’ disposable incomes, lifting consumption and investment, and ultimately, helping drive economic growth and development.”

IFC said the transformative project would provide quality, affordable housing, with the homes built designed to be resilient to the impacts of climate change and be environmentally friendly.

“These dwellings will contribute to Fiji’s economic and climate resilience, mobilising private sector capital and expertise to spur sustainable development.”

IFC said the project would be developed in the Central and Western divisions of Fiji, with approximately 3000 affordable housing units across six sites.

The scope includes construction, handover of the affordable housing units at a pre-determined price, and maintenance for a specified period. Some associated infrastructure, including access roads, has already been developed by the government at the six sites.

The developer will also have the opportunity to construct high-end housing units at the sites, which can be sold at market value. It stated that a transparent, internationally competitive tender process will be used to select a developer to construct and maintain the dwellings.

“In its call for expressions of interest from developers, the government is targeting entities with demonstrable experience in developing and maintaining affordable housing projects.

“They can provide detailed information about their experience, including in climate-resilient construction technology.”

Since this project was unveiled in 2019, IFC has worked with the Fijian Government to design the right PPP model to deliver affordable, climate resilient, and environmentally friendly homes. The homes will

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