15 Jun 2005

$42 million US dollar waterfront resort for Fiji village

10:11 am on 15 June 2005

The small Fiji town of Savusavu in Vanua Levu is to get a 42-million US dollar five-star water-front village.

The Fiji Times reports that the project is a joint venture by Kilowen Fiji Limited, the state-owned Fiji Investment Corporation, the Kontiki Growth Fund and the Fiji National Provident Fund which is funding a loan for the harbour-side development.

The village will have 300 waterfront villas, an 86-berth marina for yachts and a harbour-side building with 14 luxury apartments, shops, offices and a supermarket.

The report says the Fiji investors will team with Hopper Development which has built three similar marina villages in New Zealand.

The waterfront village will be aimed at the yachting and diving tourism market.