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Board Reviews 15 -Year Port Development Plan

Board Reviews 15 -Year Port Development Plan
An aeriel view of the Port of Suva. PHOTO: Fiji Ports Corporation Limited
October 25
11:00 2017

The Fiji Ports Corporation Limited (FPCL) aims to achieve its overall vision of becoming the best shipping port in the region, if not the world.

And Fiji’s central location in the Pacific brings enormous logistical and strategic advantages-many of which are yet to be realised.

However, FPCL chairman Shaheen Ali, said we need to be diligent about ensuring our port infrastructure and services reach the highest possible standard and remain competitive for the country to grow as a bona-fide trading nation.

On this regard, the FPCL will continue to review the company operations with an aim of maximising returns and ensuring profitability.

Mr Ali said one of  their main priorities for the FPCL board is to review the 15 year Master Development Plan for port infrastructure development, considering the state of infrastructure that we currently have.

He said with the assistance of the Australian Development Bank (ADB), they were able to commence with the project in 2016.

“The final draft has been received and our way forward will soon be determined.

“We aim to commence this project as soon as possible with the  assistance and guidance of the Fijian government,” Mr Ali said.

“We need to ensure that profitability and efficiency, the two cornerstones of ports business, increases in the long term.

“We realise that we also need to be aligned to international best practices and standards and deliver quality service to our international clients and the Fijian people,” Mr Ali said.

He said interestingly, the global maritime transport industry has been growing by around three per cent annually for the past three decades with over 80 per cent of world trade now conducted by sea.

“Maritime transport is, without question, seen as most important means of transporting goods, and remains the cheapest way of transporting large amounts of goods compared to other methods.

“And it should be noted as we move forward that Fiji is a maritime nation and as such, a trading nation with an open export orientated economy,”  he added.

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