The Housing Authority will now be using government's guarantee as a backup plan in case the $70 million soft loan from the EXIM Bank of China does not come through in time.
Chief executive Alipate Naiorosui said that they have a backup plan which would see them turning to the Reserve Bank of Fiji for assistance.
Naiorosui says they are confidend that if the EXIM Bank loan is successful, they will be able to meet the loan repayments.
This EXIM loan is to be used for housing development plans for Tacirua and around the country.
HA to use govt’s guarantee as backup
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