The Fiji National Provident Fund may have to pump more member’s funds into the multi-million dollar Natadola Bay Resort project as negotiations are underway to release the Fiji Development Bank as a co-financier.

FNPF Board Chairman Peceli Vocea confirmed that the FNPF will become the sole financier of the Natadola project and they are in the final stages of releasing the FDB from its agreement.

Vocea confirmed that the FNPF will take over the FDB loan which was acquired to invest in the Natadola Resort project. He refused to comment further.

A member of the FNPF Board has confirmed to Fijivillage that certain financiers approached to team up on the project were reluctant due to the controversy surrounding the Natadola project.

Chairman of the Natadola Bay Resort Limited Felix Anthony is overseas and could not be reached for a comment.

The FNPF has around $70 million of member’s funds invested in the project which is estimated at around $140 million.