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Monday, July 23, 2007

Foreign investors interested in wharves

Foreign investors are interested in upgrading and maintenance of wharves in Fiji. The investors who have shown interest are based in Dubai and manage 43 other wharves.

The form of investment being looked at will include joint ventures, build/own/transfer (BOT) or outright purchase of the wharves.

Foreign investors have also identified the slipway and shipyard in Fiji as areas where development was needed. A Korean investor is currently in Fiji looking at this with the intention of setting up the Fiji's slipway and shipyard to be where vessels from the Pacific, as well as from Fiji, are sent for repairs or maintenance.

Currently, vessels from Fiji are sent to New Zealand for repairs and maintenance.

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