NEWS

Operation Saumia Targets $16m

Operation ‘Saumia’, undertaken by a Ministry of Lands and Mineral Resources’ task team to collect increasing State lease arrears, has set a target to collect $16million this year. Minister Mereseini
27 Oct 2015 11:46
Operation Saumia Targets $16m

Operation ‘Saumia’, undertaken by a Ministry of Lands and Mineral Resources’ task team to collect increasing State lease arrears, has set a target to collect $16million this year.

Minister Mereseini Vuniwaqa confirmed this yesterday and said this team was set up in 2014 and they had done a great job.

She said there were more than 15,000 active leases currently administered by the Ministry of Lands with a projected annual revenue generation of $4,932,649.53.

The quarterly target for the collection of rent had been achieved for the past three quarters.

Total rent and arrears collected for 2015 is detailed above for each quarter plus total rent collection to date.

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