Home » Uncategorized » FNPF unable to find a foreign investor for stolen Momi and Natadola projects.

FNPF unable to find a foreign investor for stolen Momi and Natadola projects.

FNPF explains delay in Momi and Natadola Bay project

07:06 Today

 

Taken from/By: FBC News Report by: Akosita Talei

The Fiji National Provident Fund has revealed that it did not have the necessary technical expertise in-house when they undertook the Momi Bay and Natadola Bay residential redevelopment project.

Speaking during a panel discussion in its second forum in Nadi this week , Assistant General Manager Member Services Alipate Waqaraiwai said this is one of the main reasons why the project was delayed.

Another hurdle it faced was the lack of interest shown by foreign investors on buying the unfinished project.

This pushed the need for the institution to complete Momi and with the inclusion of a new executive team with good technical capacity and knowledge that will focus on rehabilitating investments.

The first phase has been completed with the lagoon drained and expected to be completed by December next year.

Chief executive Aisake Taito adds they are also confident Natadola will be recovered in terms of residential leases that will be released soon.

The institution is assuring all Fijians it has the capacity to undertake the projects and ensure that their money is safeguarded.

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4 thoughts on “FNPF unable to find a foreign investor for stolen Momi and Natadola projects.

  1. …the first phase has been completed with the lagoon drained…
    lagoon drained?
    what kind of development is that?

  2. FNPF is again making a blunder . you must never disturb what GOD has created unless you make peace and have agreement with qoliqoli owners. this is yet to be done so GOD is looking from heaven and watching the messing up of marine life worth millions dollars.

    FNPF must first sit down with vanua Nalolo as qoliqoli owners and sign MOU for win-win .

    Before starting any physical work , they must initiate a EIA as baseline .

    again please fnpf don’t start unless qoliqoli is cleared .

    the monetary benefits to qoliqoli should be at least $1m per year as already proven at cloudbeak tavarua surfing use . momi and Nabila have benefited greatly with construction of housing and employment through the years etc.

    GOD BLESS FNPF and GOD bless MOMI project and GOD BLESS THE VANUA O NALOLO

  3. What right minded investor will do anything in Fiji while a moron and his dumbarse cohorts are running the show.

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