The expected $70 million dollar loan for Housing development plans around the country from the Chinese Government has been further delayed.
Fijivillage news received confirmation that the investors have finalised all their paper work however there were some minor clarifications needed from Fiji.
The loan was expected to be released late last month however the Chinese Embassy reveals the Chinese Government wanted a final run through the papers before pen is put to paper.
This loan was expected to be shared by the Public Rental Board and Housing Authority of Fiji. According to Housing Authority, this soft loan would be used to develop their lots in the Central Division while the PRB was to use the loan for the Raiwai and Raiwaqa four storey buildings.
No time has been set on the date for release of funds.
More delays in securing $70m loan
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