Wednesday, February 01, 2006

Investing in Fiji Island

from the Native Land Trust Board tourism survey

JVOROVORO ISLAND Vorovoro is an island on its own and is adjacent to Mali Island. The subject site for development has a long stretch of white sandy beach frontage overlooking the crystal clear blue sea. When entering the island, the ocean seabed is visible as you can take a glimpse of the colorful starfish and little fishes . The island is also rocky and a walk around the island can be adventurous as you see the differenct formation of the cliffs and rocks on the island. The two edges of the island is rocky which is ideal for fishing. The island is ideal for activities such as game fishing, relaxing and sunbathing. It is an added bonus that the island is away from the busyness of life where you can relax, rejuvenate and enjoy your privacy. jLOCATION The actual journey begins from Labasa Airport to Malau Jetty. You will be able to get a glimpse of Labasa Town and the sugar cane fields on your way to Malau Jetty. The car ride from Labasa Airport will take approximately 20 - 25 minutes to Malau Jetty and then onto a fibre boat from Malau Jetty to Vorovoro Island which will take approximately 15 minutes. A speedboat ride will take about 5 minutes to Vorovoro Island. APROPOSED TERMS AND CONDITIONS (MINIMUM FIGURES)
Area - 10 acres (subject to survey);
Term - 50 to 99 years;
Premium - minimum of $10,000 .00 (FJD) per acre (payable at the commencement of lease);
Minimum 10% non-liquidable shares to be given free to the landowning unit;
Education fund - minimum of $10,000.00(FJD) to be paid annually to the Mataqali to assist the landowners with their education and subject to review after every 5 to 10 years (Subject to negotiations);
Village project - Lessee to assist in improving the village water and electricity supply. Lessee to also assist in financing the construction of their village hall and to provide a long fibre boat with a 60 horse power motor;
Stamp Duty - Will be payable in accordance with the Stamp Duty Act;
Crop Compensation - Will be payable after the crop count is conducted and in accordance with the Ministry of Agriculture rates.

1 comment:

laminar_flow said...

Just one point of contention,
How does the sale of native land get past the scruntiny of Native Lands Trust Board?

Every sale of native land must have their permission. I think the whole system is chaining the landowners to obscurity.