en.Wedoany.com Reported - According to an FBC report on April 6, Fiji Ports Corporation Limited (FPCL) has a pipeline of infrastructure projects worth FJ$433 million over the next 10 years, not including the new ports valued at over FJ$4 billion.

FPCL stated that their top priorities include the upgrade of the King's Wharf South Bank and enhancing the capacity of Suva Wharf, while Lautoka is focused on the expansion of the Queen's Wharf South Bank and the utilization of the EMEX Wharf.

Standing Committee member Inosi Kuridrani raised concerns, questioning that these projects would require high costs and pointing out that the government might not be able to fully fund all of them.

In response, FPCL Acting CEO Suresh Prasad said they have been discussing cooperation with financing partners such as AIFFP and emphasized that FPCL has always self-funded its projects. The main challenge is that rates and tariffs have not been approved for 11 years.

They are working with the Fiji Competition and Consumer Commission to review tariffs and secure funding for partner projects.

Internal rehabilitation works alone are estimated to cost around FJ$500 million, and the relocation of the new Suva Port requires additional funding and external partners to complete.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com