The recently renovated three-storey Ratu Cakobau House in Fiji is set to enjoy a tax-exempt status, as confirmed by Malakai Naiyaga, the Chairperson of Tailevu Holdings Company PTE Limited. This decision was unveiled during the building’s opening ceremony, highlighting a significant step in the collaboration between various governmental and financial entities.
The funding for this redevelopment, which cost approximately $3.8 million, with an additional $1 million allocated for legal expenses, stems from the Coalition Government’s 2024-2025 National Budget. Prime Minister Sitiveni Rabuka officiated the ceremony and emphasized the government’s commitment to supporting the Tailevu Province. He assured attendees that the government is open to assisting in any way to facilitate processes and encourages collaboration within the community for future growth.
Naiyaga emphasized that Tailevu Holdings was the first recipient of a financial facility covering all 14 provinces, acknowledging the support received from the Bank of the South Pacific and the Fiji Development Bank, which assisted in refinancing and clearing prior loans.
The new office complex will encompass the Tailevu and Naitasiri Council offices. This development aligns with broader efforts observed in recent initiatives throughout the Tailevu Province, as reported earlier by the Ministry of iTaukei Affairs, which indicated over $35 million in government investment aimed at enhancing infrastructure and services for the community.
The renovation and financing of Ratu Cakobau House not only symbolize growth but also reflect an optimistic future for the Tailevu region. The community begins to see tangible benefits from significant investments, aligning with ongoing efforts to improve local governance and infrastructure, as highlighted in Prime Minister Rabuka’s previous discussions about creating jobs and empowering traditional leaders.
This initiative marks a hopeful chapter for the Tailevu Province as it embarks on a path of development and integration, potentially setting an example for how local resources can be leveraged for wider economic advancement.
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