The Public Rental Board is in the final stages of a million dollar deal with the Chinese Import and Export Bank with regards to the Raiwai and Raiwaqa residential lots.
Though they are keeping tightlipped on plans, Fijivillage has received confirmation from PRB General Manager Measake Senibulu that they are in correspondence with the Chinese officials from EXIM bank clarifying some minor issues before they release more details later this month.
Officials from China's Export and Import bank met with the Housing Authority and PRB to discuss the $70million loan for development projects.
Demolition work on the 4 storey flats in Raiwai and Raiwaqa started last year after the Board declared the building unfit as the structural integrity was not up to standard.
PRB in final stages of million dollar deal
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