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FDB lends $6Million for Nausori Town
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24 December 2012

The Nausori Town Council (NTC) today signed a $6million loan
offer from the Fiji Development Bank for the construction of the
new Nausori Market and Bus Stand.

FDB acting chief executive officer Nafitalai Cakacaka said that the
Bank was happy to assist NTC in the transformation of Nausori
Town.

“Nausori is the town of the future and the bank is adamant that
this is a worthwhile investment considering government’s plans to
improving the country’s municipalities,” he added.

“Nausori is strategically located with both air and sea links in
Luvuluvu and Natovi and the construction of this new market and
bus stand is going to have a multiplier impact on the town.”

Mr. Cakacaka added that with NTC accepting the financial offer,
FDB was breaking new ground with Nausori Town in terms of
provision of finances to municipalities.

The construction of the new market is to cater for the demand for
space from the market vendors. The market has been operating
beyond capacity resulting in vendors selling their products outside
the market area.

In addition, the new bus stand is expected to ease traffic flow
which has been a problem for the past few years.

The total cost of the project is around $16million with NTC
providing the additional financing.

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