SUNBIZ

Work at FNPF’s Nadi Retail Complex Halted

Developers FNPF and builders Pacific Building Solutions (PBS) both blame the other.
15 Feb 2019 18:19
Work at FNPF’s Nadi Retail Complex Halted
Fiji National Provident Fund's Nadi Retail Complex project on a halt. Photo: Vinita Singh

Works on the Fiji National Provident Fund’s (FNPF) Nadi Retail Complex have been halted.

Developers FNPF and builders Pacific Building Solutions (PBS) both blame the other.

FNPF chief executive officer Jaoji Koroi said Pacific Building Solutions has breached the terms of the contract.

However, the specific terms are confidential be­tween the contracted parties.

He further added that PBS ceased operations in December 2018. In terms of the successor of the project, Mr Koroi said FNPF is in the process of finalising the project scope for completion.

A statement from PBS said: “Irreconcilable dif­ferences between us and FNPF related to a num­ber of technical and contractual issues in addi­tion to a breach of contract by FNPF resulted in our demobilisation from the Nadi Retail Develop­ment site in December 2018.

“We had completed approximately 80 per cent of the construction work to date.

“We are in communication with FNPF and have offered our full co-operation and assistance with any missing information they might need to com­plete the building without further delay or un­necessary costs which can be mitigated.”

Mr Koroi said: “FNPF is targeting the end of 2019 to complete the project.”

About the FNPF

The estimated $23 million retail development project is located on the corner of Nadi Main Streeet and Koroivolu Avenue.

This was the site of the old Nadi Hotel.

Once completed, the three-storey building will offer two levels of retail space and one level for office space. The project was part of fund’s in­vestment rehabilitation programme, which has also seen the redevelopment of a number of oth­er properties belonging to the fund.

Feedback: maraia.vula@fijisun.com.fj

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