HA Chief Executive Officer, Mr. Alipate Naiorosui today announced “That in accordance with the Housing Act and its mission to provide affordable housing to its customers, Housing Authority has signed a Memorandum of Understanding (MOU) with two Chinese State Owned Companies last week that would carry out a feasibility study on the low cost housing development projects. The Authority intends to undertake these projects soon to be funded by the Chinese Government concessionary loan earmarked for Fiji.”
The focus will be on
(a) subdivision of land
(b) construction of houses for low income earners including squatters
These companies will undertake a feasibility study to determine scope of involvement including construction methodology, designs, costs, provision of technical manpower and technology.
Mr. Naiorosui further said, “A delegation from the two Chinese firms had accompanied our Ambassador to China, Sir James Ah Koy here and the Authority was grateful to the Prime Minister’s office and Ministries of Foreign Affairs and Housing for facilitating the visit and ensuring the MOU was signed. The Authority is faced with many development constraints including high development costs and high cost of loan borrowings.”
“It is envisaged that interest rate provided under this loan will be very low with a longer term to repay. The introduction of these Chinese firms will also encourage more competition and bring in new technology to bring down costs of housing to our people.”
Mr Naiorosui said, “The Land Development engineering plans for four major projects have been approved at Tacirua, Nepani, Wainibuku and Savusavu and we can commence earthworks once a suitable contractor is identified and funding is finalized.
For house constructions, this can also be undertaken simultaneously with land development to expedite the process.”
CHIEF EXECUTIVE OFFICER