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News

15 year master development plan key priority for Fiji Ports

October 20, 2015 6:42 pm

The Fiji Ports Corporation Limited is focusing on its key priority to develop a 15-year master development plan for port infrastructure development.

FPCL chairman Tevita Kuruvakadua says the 15-year master plan is based on a consultative, integrated and financially sustainable approach to future port development.

He says the plan is being driven by the very real need for port infrastructure upgrades, particularly at a time of increased globalization and trade.

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“Fiji Ports believes that a carefully executed plan for modern facilities will provide enormous long term benefits and economic returns for its shareholder as well as wider stakeholder groups and open the door to new business ventures.”

FPCL recently paid a total dividend of $3,719,719 (three million dollars, seven hundred and nineteen thousand and seven hundred and nine-teen dollars) for the 2014 financial year to government.

This is 56% of company profits and represents a one percent increase from prior year.

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