NEWS

$500m Project Will Affirm Fijian-Sino Ties

More than 200 people are expected to be employed when the $500million New China Tourism City project starts later this year at Lomolomo, Lautoka. This was relayed to local and
31 May 2015 12:15
$500m Project Will Affirm Fijian-Sino Ties
New Era Development Company Ltd chairman Deng Peng (middle), and Lautoka City Council chief executive officer Jone Nakauvadra (in garland), with other Chinese delegates and RFMF officers after the ground-breaking ceremony for the New China Tourism City project at Lomolomo, Lautoka, last Friday. Photo: Salote Qalubau

More than 200 people are expected to be employed when the $500million New China Tourism City project starts later this year at Lomolomo, Lautoka.

This was relayed to local and foreign dignitaries during the Fiji-China Trade Mission Conference at the Lautoka City Council (LCC) chambers on Friday, which was attended by Minister for Lands and Mineral Resources Mereseini Vuniwaqa.

It was then reiterated during the ground-breaking ceremony at Lomolomo, at which LCC chief executive officer Jone Nakauvadra officiated. The project is the brainchild of New Era Development Company Limited, which was registered locally last year. The company engages in tourism and real estate developments.

Of the $500m, New Era Development Company Limited is putting up $250m while the other $250m is being provided by the Chinese province of Guangdong.

Present at the evening event was New Era Development Company Ltd chairman Deng Peng and Chinese delegates

The New China Tourism City is the company’s first project in Fiji and will be a 500-room five-star hotel at Lomolomo.

The whole construction area is set for 7600 square metres.

The New China Tourism City project will be between Nadi International Airport and Lautoka – about 7km away from Nadi International Airport and 7.5km from Lautoka.

“As you can see we are developing a great relationship between China and Fiji and we will see better communication, co-operation and development in the near future,” Mr Deng said.

“The project will host international conferences, international exhibitions, tourism promotions and shopping centres. It will become the biggest international conference vacation centre in the South Pacific in the near future.”

He said construction would take three years to complete and once fully operational would generate USD$200 million revenue with an estimated 100 international conferences being hosted in the venue per year and more than 3000 business and tourism people coming to the Fijian shores.

“We will help the Fijian people grow, develop more prosperity together, comply with the trend of the regional and global co-operation which will further stimulate the development of the South Pacific islands,” Mr Deng said.

“Fiji-China tourism promotion will create better country co-operation, eliminate cultural problems, and create a harmonious environment.”

Meanwhile, Mr Nakauvadra commended the New Era Development Company Ltd for contributing to Fiji’s tourism growth.

“It’s very encouraging to note that New Era Development Company Ltd has engaged a local entity, Homelink Security Services Ltd as its business partner. This is what Government promotes,” he said.

“Often foreign investors come to our shores with the perception that we have nothing to offer in any partnership arrangement. This is a misconception. We have so much to offer.”

Mr Nakauvadra said what was required of overseas investors was to have trust, confidence and a mutual understanding of what both parties in a project had to offer.

Feedback:  saloteq@fijisun.com.fj

 



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