The ground breaking ceremony of the $750 million Nakasi City took place at the new Sauniwaqa subdivision in Nakasi today.
The development which will stretch over 645 acres of land is expected to begin with road network and access and have a residential and commercial centre with sites for tourism, hotels and golf course within its perimeters.
Minister for Local Government, Housing and Environment Parveen Bala says this development will not only benefit Fiji but the Asia Pacific as a whole.
Bala says the main goal of this development is to become a world class city which meets both global and local expectations.
He says it is expected to be a modern city with a high standard of administration, education, cultural centre and leisure facilities.
Bala says it will be a focal point for tourism, industrial development and economic activities and a vibrant and livable city with international standard amenities.
This project is mainly funded by Korean company Dong-A Holdings, a private developer, with involvement from the public sector and investors.
Details on the price of the residential lots will be revealed later.
