Letters

Abandoned project

Written By : Emosi Balei. We learn of yet another development which has been abandoned which could have injected $80million into the Macuata economy when the Narewa Club and Resort
21 Jul 2008 12:00

Written By : Emosi Balei. We learn of yet another development which has been abandoned which could have injected $80million into the Macuata economy when the Narewa Club and Resort Project at Nabukadogo was shelved because of the 2006 coup.
The FTIB chairman Francis Narayan recently terminated thousands of investment licences because of delays in implementation. The interim government and Narayan must take note that investors will not come to Fiji without an elected government and nothing is going to change that.
You can make big plans on ways of attracting foreign investment but the simple prerequisite that Narayan and the interim government must seriously consider is that these would not eventuate without the stability that can only be assured by a democratic government.
If the elections are deferred to 2010 then I am afraid that major investments will not materialise until then.
There is no quick-fix to this problem other than going into elections soonest and getting a democratic government into operation.
We learn of yet another development which has been abandoned which could have injected $80million into the Macuata economy when the Narewa Club and Resort Project at Nabukadogo was shelved because of the 2006 coup.
The FTIB chairman Francis Narayan recently terminated thousands of investment licences because of delays in implementation. The interim government and Narayan must take note that investors will not come to Fiji without an elected government and nothing is going to change that.
You can make big plans on ways of attracting foreign investment but the simple prerequisite that Narayan and the interim government must seriously consider is that these would not eventuate without the stability that can only be assured by a democratic government.
If the elections are deferred to 2010 then I am afraid that major investments will not materialise until then.
There is no quick-fix to this problem other than going into elections soonest and getting a democratic government into operation.




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