New hotels and buildings expected to be constructed in Suva

More than $700 million worth of investments is expected to create thousands of jobs in the Capital City over the next few years as a number of new hotels and buildings are expected to be constructed.

Suva City Council Special Administrator Chandu Umaria confirmed that while construction has started on the Captain Cook Hotel in Mitchell Road and the Fiji National Provident Fund three storey development at Greig Street, other projects are expected to start in the next six months.

Umaria highlighted that Ever Prosper International Multi Unit at Gladstone road is expected to cost $120 million.

A 15-storey commercial building is expected to be constructed at corner of Goodenough street and Loftus Street with a projected cost of $15 million while a 20-storey building at Mc Gregor Road is expected to cost $100 million.

Umaria says Frontier Investment Limited’s 30 storey building at Forster Street is expected to cost $40 million while Carpenters Properties 26 storey development at Town hall road behind the Fiji Development building is expected to cost $420 million.

He added that most of the projects have been approved by the council.