The tender process for Fiji’s affordable housing project has concluded, according to Finance Minister Professor Biman Prasad.
Prof Prasad noted that the government was anticipating bids from both local and international contractors. Speaking on The Lens@177 this week, Prof Prasad mentioned that a decision is expected to be made soon. He emphasized the importance of ensuring that this housing public-private partnership functions effectively.
“As evident with Aspen, which was poorly managed, hospitals were handed over to a company without fulfilling the agreement,” said Prof Prasad.
“As I stated in Parliament, we aim to ensure that the housing PPP is a viable model, but the financial model needs to be meticulously scrutinized. This is to ensure that when the project is delivered, it provides affordable housing for various categories of people and income levels. If it proves successful, it could set a precedent for future models. If the financial model is found to be ineffective, we will explore other methods and avenues to offer ample affordable housing to our citizens.”
Though Prof Prasad is unaware of who bid for the project, he mentioned it is a significant undertaking, and international contractors were also expected to submit bids. To attract potential bidders, roadshows were held in Australia, New Zealand, and India.
“We hope that capable players bid for the project and offer a sustainable financial model that the government is comfortable with and that benefits the people,” said Prof Prasad.