SUNBIZ

China Railway First Group Ink Big Suva Tower Contract

China Railway First Group (CRFG) are officially the contractors for the new Fijian Holdings Limited (FHL) Tower in Gordon Street, Suva. The Chinese construction firm signed on yesterday as contractors
20 Sep 2018 13:05
China Railway First Group Ink Big Suva Tower Contract
From left: China Railway First Group (CRFG) chief executive officer for overseas operations Qiao Yong, Fijian Holdings Group Limited director Sakiusa Raivoce, FHL group chairman Adrian Sofield, CRFG vice president Guo Wei, FHL group chief executive officer Nouzab Fareed and CRFG Fiji CEO William Young at the contract signing in Suva on September 19, 2018. Photo: Sheldon Chanel

China Railway First Group (CRFG) are officially the contractors for the new Fijian Holdings Limited (FHL) Tower in Gordon Street, Suva.
The Chinese construction firm signed on yesterday as contractors for the close to $65 million development.
While construction work at the site has begun, it is expected to intensify after the groundbreaking ceremony led by Prime Minister Voreqe Bainimarama today.

CRFG beat 10 other applicants to win the tender for the development, including companies from Australia, New Zealand and the United States, it was revealed.
The project – forecast to finish within 30 months – will be fully-financed by Australia New Zealand Bank (ANZ). It will have 17-storeys and will rise to 61.04 metres in height, taller than the Reserve Bank of Fiji building. FHL chief executive officer Nouzab Fareed expects some 200-300 jobs to be created once the building is complete. The tower marks one of the most signficant investments for FHL, a company that has already spent big on sectors like tourism, finance, retail, media, properties and manufacturing.
At the contract signing,

FHL chairman Adrian Sofield said he was confident CRFG would deliver very high standards. Mr Sofield said: “There was a very vigorous, detailed and transparent tender process. “From the 11 companies, we narrowed it down to three and from that we chose China Railway and we are very pleased to have them on board. “We know the China Railway people very well, having worked on several successful projects together, so we’re looking forward to a very good project.”

CRFG Fiji CEO William Young said he was “excited” to start the project. “We got our ideas from China’s one belt, one road initiative and that is why we are here,” Mr Young said. “These types of buildings are what Fiji needs and we are happy to partner with FHL.”
Feedback: sheldon.chanel@fijisun.com.fj

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