The Fiji National Provident Fund (FNPF) has addressed concerns regarding the ongoing redevelopment of the Westin Denarau, emphasizing that the project is progressing according to its approved budget. During a session with the Standing Committee on Social Affairs, FNPF Chief Executive Viliame Vodonaivalu confirmed that construction is on track for completion by April, with the total project cost estimated at around $231 million.
Vodonaivalu clarified the project’s structure, noting it consists of four phases, with the fourth phase involving additional scope to maintain competitive positioning within the Denarau area. He firmly rejected claims suggesting that the project’s initial costs were approximately $90 million, explaining that the increased budget is a result of necessary adjustments and not an overspend. “The old phase one had a firm number, and phase four required us to rework the civil works, which added to the overall cost,” he stated.
In addition to focusing on the Westin Denarau project, Vodonaivalu highlighted FNPF’s broader commitment to national development. Last year, the fund invested $363 million in government securities, playing a crucial role in supporting public infrastructure projects through bond investments. This proactive approach demonstrates FNPF’s dedication not only to its members but also to the economic growth of the country.
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