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PRB seeks funding support from investors

December 12, 2018 12:50 pm
PRB seeks funding support from investors

The need to accelerate the availability of rental flats is vital for the Public Rental Board to meet the huge demand from the public.

The Board is awaiting approval from two investors –the Fiji National Provident Fund and the World Bank in terms of funding the new Housing project at Newtown in Nasinu.

PRB’s Chief Executive Patrick Veu says this is one of the main project targeted for next year with an internal cost of $12 million.

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“We have this Newtown project which has been earmarked for ninety four units. We are working with the Board and government for the Public Private partnership with investors for the construction of this ninety four units at Newtown.”

Veu says close to 1000 applications have been received so far and the need to provide flats to these applicants is paramount.

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