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Ashneel Sudhakar: Government Buys Back 26 Pieces Of Freehold

Government purchased freehold land on sale on behalf of the native landowners, on a fair and market price determined by Government registered valuers through interest-free loans on the terms.
04 Apr 2019 12:51
Ashneel Sudhakar: Government Buys Back 26 Pieces Of Freehold
Minister for Lands Ashneel Sudhakar (left) with Opposition Member of Parliament Jese Saukuru. Photo:Ronald Kumar.

Government has bought back 26 pieces of freehold land with a total area of 8520.74 acres at $4,740,363.15.

Minister for Lands Ashneel Sudhakar gave an update to Parliament after a question was asked by Social Democratic Liberal Party (SODELPA)’s Member of Parliament Adi Litia Qionibaravi.

“The Ministry, in the act of strengthening iTaukei land ownership, is assisting iTaukei land owners who had little or no cultivable agricultural land in buying back ancestral land alienated as freehold lands.”

Under the Buy Back Scheme, the Government purchased freehold land on sale on behalf of the native landowners, on a fair and market price determined by Government registered valuers through interest-free loans on the terms and conditions stated under the Sales and Purchase Agreement document and the land owning unit are given 30 years to repay the loan.

To date, out of the 26 freehold buyback land, four Land owning units – Yavusa Wairuku in Cakaudrove, Yavusa Waidau in Levuka, Mataqali Nailagobakola in Nausori and Yavusa Nasuva in Taveuni have paid off their debt, totaling to an amount of $858,770.00; and three out of the four land parcels have been transferred which are:

• Yavusa Nasuva, Taveuni, Cakaudrove;

• Yavusa Wairuku, Savusavu, Cakaudrove; and

• Yavusa Waidau, Levuka.

“In addition, ten freehold buyback land has been leased to assist those landowning units, who are defaulting in their payments. This is through subdividing the unutilised freehold lands for leasing to individuals would incur regular revenue.

“This income is to be directed towards the repayment of loans. Issuance of lease in itself provides security, which should inspire the lessee to till the land and thus contribute to the local production whilst also reduce the loan re-payments,” he said.

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