Chinese investors show interest in Momi Bay Resort

There are now revelations that one of China's top travel Agencies, Suzhou Youth Travel Services is expected to be in the country this month to inspect the Momi Bay resort project, with an eye to buy it.

According to Stuff.co.nz, the travel agency will be sending a high-powered delegation including their bankers, architects and engineers to take a look at the Momi Bay Resort later this month.

The Momi Bay Resort project has seen the Fiji National Provident Fund invest $80 million and is hoping to recover this figure.

Stuff reports that FNPF Chairman Ajith Kodagoda revealed that they had a few talks with a few Chinese investors and their objective was to find an investor to either purchase Momi Bay property outright or form a joint venture and complete the project.

Kodagoda also said that there is also an interest from the Sanmen County Government in the Zhejiang Province and they will also be coming into the country to look at the site as well.

An expression of Interest was advertised both locally and internationally with the closing date on the 27th of this month.


Story by: Paradise Tabucala.
Source: Stuff.co.nz.