The time for people to come in with an idea or concept and expect the Fiji National Provident Fund to fund the project is no longer applicable as FNPF wants all its project partners to have substantial funds to invest.
FNPF Chief Executive, Aisake Taito said some major projects have not been completed due to a lack of serious investors.
He said the Fund has learnt from past mistakes when it was ready to fund a project concept brought in.
Taito has already revealed that the FNPF is yet to secure a joint venture for the unfinished Momi Bay Resort Project.
80 million dollars of FNPF funds are invested in the Momi project.
Taito said they have no choice at the moment as the infrastructure and properties have started to deteriorate.
He said the property is close to the sea and they need to rehabilitate the project by bringing in a serious investor to complete the hotel.
Story by: Vijay Narayan
Feature
FNPF wants serious investors
