21 Jul 2008

Political instability blamed for Fiji resort development being dumped

10:57 am on 21 July 2008

About 500 jobs planned for a rural community in Fiji have been lost after developers of an US$54 million resort dumped the project.

The American developer for the Narewa Club and Resort at Nabukadogo outside Labasa, Larry Fish, said political instability and an illegitimate Government forced investors to pull out.

He told the Fiji times that in a week, he lost an American investor who was putting in more than half the total amount and some local investors.

Mr Fish said he had started ground work for the resort, including roading, but had had to to shelve it.

He said the 2006 coup has given this development the kiss of death.