Private sector investment in Fiji substantial

Private sector investment in the country is substantial, according to the Fiji Chamber of Commerce.

The Chamber of Commerce made the comment on the latest statistics provided by the Bureau of Statistics which stated that the total estimated value of work put-in-place during the second quarter of 2006 was F$75.6 million, of which F$61.4 million was for work done in the private sector while F$14.2 million was for work done by the public sector.

With many upcoming projects and construction work to be completed this year, the Chamber said the figures should increase by the end of the year.

Among the major projects behind the construction boom are three new complexes in Suva which are the Tappoos City complex, the Midcity complex, and the Carpenters Group's Morris Hedstrom's complex.