Excerpt from fijitimes.com
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.
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