The Fijian Teachers Association (FTA) is moving ahead with a major new development in Suva, unveiling plans for a five-story building valued at about 26 million, funded by a loan. The project will be built on the association’s Knolly Street car park and is slated to begin construction next week. Once complete, the building will be leased out to generate revenue for the FTA, offering office spaces and other services such as catering. The construction is expected to take roughly 18 months.
The decision comes with strong government support. Acting Prime Minister and Minister for Trade Manoa Kamikamica highlighted that initiatives aimed at strengthening the teaching profession will always receive government backing. He stressed that the project goes beyond providing new housing for the association, signaling a broader commitment to security, dignity, and support for teachers both inside and outside the classroom.
Context from similar developments shows the FTA’s ongoing interest in expanding its headquarters and revenue streams. Earlier coverage outlined talks around a related $23 million building project, including the engagement of local engineer and architect Ulaiasi Baivatu and property valuation expert Keni Dakuidreketi to determine the building’s value. Banks such as BSP, HFC, Merchant Bank, Westpac, and potentially the Bank of Baroda have expressed interest in financing these projects, reflecting a positive funding environment for the FTA’s expansion efforts.
Analysts note that the current plan to lease portions of the new building could provide the association with a steady revenue stream, helping to fund teacher welfare programs, professional development, and other member services over the long term. The combination of asset development and external financing presents a strategic move for the FTA to diversify its income and strengthen its financial resilience.
Summary: The FTA’s new $26 million five-story building in Suva aims to boost revenue through leased office spaces and catering services, with construction set to begin soon and completion anticipated in about 18 months. The project aligns with government support for teacher advancement and follows a broader pattern of the association pursuing asset-based growth with encouraging interest from multiple banks.
Contextual note: This development reflects a trend in which professional associations in Fiji are exploring property investments to sustain member services and welfare programs, supported by independent valuations and potential financing from major banks. The move is framed positively, emphasizing improved security and dignity for teachers as part of Fiji’s broader investment in education.
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