The Chief Executive Officer of the Fiji National Provident Fund, Aisake Taito has confirmed that the Suva Foreshore Project has been put on hold until a financial viability assessment is completed.
With regards to the $3.9million that was given as deposit, Taito said as far as he knows the money is in a joint trust fund of the FNPF and the SCC.
However, he stressed that the agreement between the Fund and Suva City Council was signed during the time he was not employed at FNPF.
Taito added that the FNPF is currently engaged in two major projects at Natadola and Momi Bay as well as the Grand Pacific Hotel restoration. He said once these are completed they will look at the commercial viability of the Suva Foreshore Project.
He declined to reveal any further details saying that FNPF will always see that members’ funds are used in projects that will benefit them.
FNPF Confirms Foreshore Project Suspended
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