Prime Minister Voreqe Bainimarama commissioned the Nasoqela Sub-Division Development of the Halaiwalu Investments Co-operative Ltd at Namata in Tailevu this morning (5/10/22).
In his address, the Head of Government congratulated the Halaiwalu Investments Co-operative Ltd for making a smart financial move in obtaining Government assistance to venture into the investment project. Other i-Taukei landowners were also encouraged by PM Bainimarama to make use of such opportunities.
“We gather here today for the unveiling of this pioneering initiative’s very first, ready to use, modern Fijian Sub-Division; prepped for fifteen (15) residential lots, one (1) commercial lot and an open space. The $2.89 million site has been developed to global climate resilient standards, with underground cabling for EFL and telecommunications," PM Bainimarama said.
Since its ground-breaking in 2019 by the Prime Minister, the Halaiwalu Investments Co-operative Ltd has an overall increase of land value in the surrounding areas.
“It will mean that those who buy the 99-year leased land will build new concrete homes. Banks will lend them money, they will need builders, tilers, plumbers, shops and all the other things that come with putting down roots in a community. This means a higher return for all landowners. This means a huge rise in economic activity, and economic prosperity not only for the people of Namata and this district but the overall Fijian economy. It will create more prosperity and put more money in the hands of Fijians,” PM Bainimarama said.
PM Bainimarama also reassured those present that i-Taukei land-ownership is guaranteed under the 2013 Constitution.
“We as i-Taukei should be aware that the 2013 Constitution guarantees our land-ownership so there is nothing to fear. Accordingly, we must adopt the economic policies that my Government has put in place to empower you – to make you not only asset-rich but cash-rich," PM Bainimarama stated.
In his vote of thanks, Mr Jeremaia Halaiwalu thanked the Government for its support on the vision of their family and the vanua of Nacobua. He attributed the outcome of the investment to the assistance that they received from the Fijian Government. Mr Halaiwalu dedicated the success of today’s event to the late Ms Merewalesi Tinai Moi, who was the backbone of the Halaiwalu Investments Co-operative Ltd.
Attorney-General Aiyaz Sayed-Khaiyum, WAF CEO, Dr Amit Chanan, Fiji Roads Authority CEO, Kamal Prasad, EFL CEO, Hasmukh Patel and other Government officials were also present at the event.
To get an in-depth read of the Prime Minister’s speech, click on the link;
https://bit.ly/3M5glAf