The Public Rental Board is expected to sign a $20 million deal later this month with China Railway Company for the construction of around 500 rental housing units in Raiwai and Raiwaqa.
The money is through the $70 million loan from the Chinese Government to Fiji for housing projects.
Housing Authority acting chairman and PRB board member Ratu Josateki Nawalowalo revealed this following the signing of a $50 million deal between the Housing Authority and the construction company yesterday.
He added that the signing will take place at a later date as negotiations are still underway.
Nawalowalo said in the plans still being looked at, the two areas, Raiwaqa and Raiwai, will undergo a facelift.
Meanwhile, yesterday the China Railway Company signed a concessional agreement with Housing Authority to construct 900 housing units and 1,050 single lots between Nepani and Tacirua East Stage 2.
PRB to sign deal for 500 housing units
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