Report: $47m net loss for WAF in 2019
16 September, 2023, 2:01 pm
The Water Authority of Fiji (WAF) suffered a net loss for the period ending July 31, 2019 amounting to $47 million, compared with a loss of $33 million in 2018.
This is stated in the 2018-2019 WAF annual report that was tabled in Parliament this week.
WAF chairman Bhavesh Kumar said WAF received from the government $151,547,889 in capital grants to execute its projects while $73,428,409 was received for operational expenses for the twelve months ending July 31, 2019.
“In 2018/2019 there were 125 urban capital projects works and 131 rural projects.
“The rural projects used a total of $20,648,293 to carry out the works associated with bringing water close to our rural residents at home benefitting 24, 930 people,” he said.
He said the new Rewa River Water Supply Scheme project was progressing.
“This project will see the construction of a new 40-megalitre treatment plant on the Rewa River to meet the increasing demand for water in the greater Suva and Nausori areas.
“This project will impact the lives of more than 300,000 residents, most of whom face intermittent water supply. The total cost of the project has been calculated at around $270 million.”