NEWS

iTaukei Trust Fund Board Awaits Word From Insurance Company To Help Rebuild Burnt Vale ni Bose Complex

The iconic building was destroyed in a fire last December. The authorities later confirmed that the fire started from a lit mosquito coil.
17 Feb 2020 13:44
iTaukei Trust Fund Board Awaits Word From Insurance Company To Help Rebuild Burnt Vale ni Bose Complex
The burnt ruins of Vale-ni-bose in Nasova on December 11, 2019. Photo: Ronald Kumar

The reconstruction of a new Vale ni Bose is an option that the iTaukei Trust Fund Board will look at once the insurance payment is approved.

The board’s chief executive officer, Aisake Taito, confirmed that the burnt Vale ni Bose complex in Nasova, Suva, was properly insured.

The iconic building was destroyed in a fire last December. The authorities later confirmed that the fire started from a lit mosquito coil.

Mr Taito said it was now a waiting game as the board would have to wait on the approval of the insurance payment from the insurance company.

“For the past few weeks, iTaukei Trust Fund Board (TTFB) has been collating information and documentation required by the insurance company,” Mr Taito said.

“This has been completed and the information submitted to the insurance company.

“Once payment is approved, the Board will decide on the way forward.”

Mr Taito said the amount on the insurance would not be disclosed yet because the work on the insurance payout was still being done.

In 2009, it was disclosed that the Vale ni Bose had cost around $2 million to build.

Edited by Naisa Koroi

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